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Raymond James Thinks Petrus Resources’ Stock is Going to Recover


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Petrus Resources (PRQ). The company received a Buy today from Raymond James’ analyst Jeremy Mccrea, with a C$1 price target.

According to TipRanks.com, Mccrea has 0 stars on 0-5 star ranking scale with an average return of -14.5% and a 31.3% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and Bellatrix Exploration.

Currently, the analyst consensus on Petrus Resources is a Moderate Buy with an average price target of C$0.95.

The company has a one-year high of C$1.61 and a one-year low of C$0.42. Currently, Petrus Resources has an average volume of 56.7K.

Petrus Resources Ltd. operates as an energy company, which engages in exploitation, strategic acquisitions and risk-managed exploration. It operates in the following areas: Ferrier, Central Alberta, and the central Rocky Mountain foothills. The company was founded on December 13, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$0.44, close to its 52-week low of C$0.42.