Petrus Resources (PRQ) Price Target Cut to C$2.50 by Analysts at Cormark

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Petrus Resources (TSE:PRQ) had its target price reduced by Cormark from C$3.25 to C$2.50 in a research report report published on Friday morning.

A number of other research analysts have also recently issued reports on PRQ. National Bank Financial decreased their target price on Petrus Resources from C$2.25 to C$2.00 and set an outperform rating on the stock in a research report on Thursday, April 12th. Raymond James lifted their target price on Petrus Resources to C$2.00 and gave the company an outperform rating in a research report on Tuesday, May 8th. Royal Bank of Canada lifted their target price on Petrus Resources from C$1.75 to C$2.25 and gave the company an outperform rating in a research report on Wednesday, May 9th. Finally, CIBC lifted their price target on Petrus Resources from C$1.50 to C$1.75 in a research note on Friday, May 18th.

Petrus Resources stock opened at C$0.85 on Friday. Petrus Resources has a 12-month low of C$0.75 and a 12-month high of C$2.78.

Petrus Resources Company Profile

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The company primarily explores for natural gas, natural gas liquids, and crude oil. It primarily holds an average 55% working interest in the Ferrier/Strachan area, which comprises 46,202 net acres of land located in west central Alberta.

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