Raymond James Thinks Petrus Resources’ Stock is Going to Recover

Petrus Resources (PRQResearch Report) has received a rating update from a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James remains bullish on the stock and has a C$0.75 price target.

According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.7% and a 24.4% 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.

Petrus Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$0.75.

Petrus Resources’ market cap is currently C$15.58M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.11.

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 Thursday at C$0.34, close to its 52-week low of C$0.21.