Shares of Petrus Resources (PRQ) were revisited by a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James remains bullish on the stock and has a C$1 price target.
According to TipRanks.com, Mccrea is ranked 0 out of 5 stars with an average return of -7.8% and a 33.7% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.
Currently, the analyst consensus on Petrus Resources is a Moderate Buy with an average price target of C$0.88.
Based on Petrus Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$21.06 million. In comparison, last year the company had a GAAP net loss of C$5.68 million.
Petrus Resources Ltd. operates as an energy company, which engages in exploitation, acquisitions, and risk-managed exploration. It focuses on the operation of all season access lands with significant infrastructure in the Ferrier/Strachan, Foothills, and Thorsby/Pembina areas of Alberta.
The company’s shares closed on Tuesday at C$0.43, close to its 52-week low of C$0.42.
