Average Price Target: $0.70
▲ +17.49% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Petrus Resources in the last 3 months. The average price target is $0.70, with a high forecast of $1.00 and a low forecast of $0.40. The average price target represents a 17.49% upside from the last price of $0.60.
The current consensus among 3 contributing investment analysts is to hold stock in Petrus Resources. This rating has held steady since April 2021, when it changed from a Buy consensus rating.
Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil and condensate. The company primarily holds an average 51% working interest in the Ferrier/Strachan area comprise 43,159 net acres, which include 29,219 net acres of undeveloped and 13,940 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta. It also has an average of 64% working interest in the Thorsby/Pembina area consisting of 69,042 net acres of land covering 22,135 net acres of undeveloped land and 46,907 net acres of developed land located in the southwest of Edmonton, Alberta; and an average of 50% working interest in the Foothills area that consists of 30,748 net acres of undeveloped land and 6,687 net acres of developed land located northwest of Rocky Mountain House, Alberta. Petrus Resources Ltd. is headquartered in Calgary, Canada.