Petrus Resources ( (TSE:PRQ) ) has provided an update.
Petrus Resources reported its financial and operational results for the fourth quarter and year-end 2024, highlighting a stable production rate and increased natural gas liquids production. The company managed to maintain a strong dividend yield and reduced its net debt slightly. Despite a decrease in overall commodity prices and production levels compared to the previous year, Petrus demonstrated resilience by strategically enhancing its natural gas liquids recovery and maintaining disciplined capital expenditures. Looking ahead to 2025, Petrus plans to focus on sustaining production and increasing capital efficiency, aiming to drive free funds flow.
More about Petrus Resources
Petrus Resources Ltd. is a company in the oil and gas industry, primarily focused on the exploration and production of natural gas and natural gas liquids. It operates in Calgary, Alberta, and is listed on the Toronto Stock Exchange under the symbol PRQ.
YTD Price Performance: -5.56%
Average Trading Volume: 48,974
Technical Sentiment Signal: Sell
Current Market Cap: C$172.4M
Learn more about PRQ stock on TipRanks’ Stock Analysis page.