After Today’s Huge Increase, Is Petrus Resources Ltd’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Petrus Resources Ltd's Near Term Analysis Positive?

The stock of Petrus Resources Ltd (TSE:PRQ) is a huge mover today! About 99,706 shares traded hands or 106.79% up from the average. Petrus Resources Ltd (TSE:PRQ) has declined 8.49% since April 8, 2016 and is downtrending. It has underperformed by 12.42% the S&P500.
The move comes after 9 months positive chart setup for the $99.58 million company. It was reported on Nov, 15 by We have $5.13 PT which if reached, will make TSE:PRQ worth $148.37 million more.

Petrus Resources Ltd (TSE:PRQ) Ratings Coverage

Out of 2 analysts covering Progress Energy Resources Corp. (TSE:PRQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Progress Energy Resources Corp. has been the topic of 3 analyst reports since February 18, 2016 according to StockzIntelligence Inc. The rating was initiated by RBC Capital Markets with “Sector Perform” on Friday, July 8. The stock of Petrus Resources Ltd (TSE:PRQ) earned “Buy” rating by Cormark Securities on Thursday, February 18. The firm has “An Outperform” rating given on Wednesday, February 24 by FirstEnergy Capital.

More notable recent Petrus Resources Ltd (TSE:PRQ) news were published by: which released: “Petrus Resources Announces Third Quarter 2016 Financial & Operating Results” on November 09, 2016, also with their article: “Petrus Resources Ltd. Announces Major Acquisition and Financing and Provides …” published on September 03, 2014, published: “Petrus Resources Announces Management Succession” on November 08, 2016. More interesting news about Petrus Resources Ltd (TSE:PRQ) were released by: and their article: “Phoscan Announces Plan of Arrangement With Petrus Resources Ltd. and Related …” published on November 30, 2015 as well as‘s news article titled: “Petrus Resources Ltd. Announces Closing of Acquisition and Debt Financing and …” with publication date: October 08, 2014.

Petrus Resources Ltd. is an oil and gas company. The company has a market cap of $99.58 million. The Firm focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. It has a 1.26 P/E ratio. The Firm has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.

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