Petrus Resources Ltd (TSE:PRQ) had its price objective raised by Raymond James Financial, Inc. from C$3.00 to C$3.50 in a research report report published on Thursday, October 5th. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on PRQ. Royal Bank Of Canada lifted their price target on shares of Petrus Resources from C$3.25 to C$3.50 and gave the company an outperform rating in a report on Thursday, October 5th. National Bank Financial began coverage on shares of Petrus Resources in a report on Wednesday, June 14th. They set an outperform rating and a C$3.00 price target for the company.

Shares of Petrus Resources (TSE:PRQ) traded up 0.39% during trading on Thursday, hitting $2.56. The company’s stock had a trading volume of 30,531 shares. The stock’s market cap is $126.53 million. The company has a 50-day moving average price of $2.59 and a 200-day moving average price of $2.59. Petrus Resources has a one year low of $1.75 and a one year high of $3.43.

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In other Petrus Resources news, Director Don Gray purchased 18,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of C$2.25 per share, with a total value of C$42,300.00. Over the last three months, insiders have purchased 579,500 shares of company stock valued at $1,353,159.

About Petrus Resources

Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company 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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