Petrus Resources (TSE:PRQ)
TSX:PRQ
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Petrus Resources
(TSX:PRQ)
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Rating:62Neutral
Price Target:
C$2.50
▲(33.69% Upside)
Action:ReiteratedDate:03/20/26
The score is primarily held back by inconsistent operating performance and weakening cash-flow conversion (negative free cash flow in 2025) despite a strong, low-leverage balance sheet. Technicals are moderately constructive with price above major moving averages, and valuation is supported by a high dividend yield but tempered by a mid-range P/E.
Positive Factors
Balance Sheet Strength
Low leverage and sizable equity provide structural financial flexibility for a cyclical E&P. With modest debt levels versus assets, Petrus can fund selective drilling, absorb commodity downturns, and consider opportunistic acquisitions or buybacks without immediate refinancing risk.
Negative Factors
Weakened Cash Conversion / FCF
Negative free cash flow after previously positive FCF signals inconsistent conversion of earnings into spendable cash. Persistent FCF weakness would constrain capital allocation, increase funding reliance on the balance sheet, and limit sustainable dividends or growth investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Low leverage and sizable equity provide structural financial flexibility for a cyclical E&P. With modest debt levels versus assets, Petrus can fund selective drilling, absorb commodity downturns, and consider opportunistic acquisitions or buybacks without immediate refinancing risk.
Read all positive factors
Petrus Resources (PRQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$325.60M
Dividend Yield6.19%
Average Volume (3M)56.43K
Price to Earnings (P/E)22.6
Beta (1Y)0.23
Revenue Growth-8.58%
EPS Growth-98.92%
CountryCA
Employees16
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.04
Shares Outstanding146,665,240
10 Day Avg. Volume33,689
30 Day Avg. Volume56,433
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.77
Price to Sales (P/S)3.01
P/FCF Ratio-301.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Petrus Resources Business Overview & Revenue Model
Company Description
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 focuses on risk-managed exploration. It primarily explores for natura...
How the Company Makes Money
Petrus Resources makes money primarily by selling produced hydrocarbons—natural gas, crude oil, and NGLs—into Canadian and North American commodity markets. Revenue is generated based on realized prices for each product multiplied by sales volumes...
Petrus Resources Earnings Call Summary
Earnings Call Date:Nov 06, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted slight increases in cash flow and the resumption of drilling activities despite challenges with low gas prices and production maintenance. The company maintained its dividend payments, indicating financial stability. However, there was a slight decline in production due to maintenance issues.Positive Updates
Slight Increase in Cash Flow
Cash flow increased slightly over Q2 despite record low gas prices, due to hedging and increased oil production.
Negative Updates
Slight Production Decline
Production was slightly down due to maintenance at a third-party gas processing plant in September.
Read all updates
Q3-2024 Updates
Positive
Negative
Slight Increase in Cash Flow
Cash flow increased slightly over Q2 despite record low gas prices, due to hedging and increased oil production.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Petrus Resources, CEO Ken Gray highlighted several key metrics and developments. Despite record low gas prices, the company saw a slight increase in cash flow compared to Q2, attributed to effective hedging strategies and boosted oil production. Production faced a minor decline due to September maintenance at a third-party gas processing facility, but the impact was partially offset by increased third-party processing fees. The company maintained its regular dividend payments throughout the quarter. Additionally, Petrus resumed drilling activities in September, successfully completing two joint interest wells, with completions planned for later in November.Petrus Resources Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
73
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 79.36M | 81.15M | 125.61M | 128.19M | 81.27M |
| Gross Profit | 9.74M | 39.89M | 61.73M | 66.99M | 47.91M |
| EBITDA | 45.37M | 44.59M | 84.19M | 98.81M | 138.81M |
| Net Income | 10.57M | -1.25M | 50.73M | 60.87M | 114.56M |
Balance Sheet | |||||
| Total Assets | 427.37M | 420.12M | 437.84M | 381.06M | 290.49M |
| Cash, Cash Equivalents and Short-Term Investments | 20.00K | 68.00K | 375.00K | 40.00K | 4.93M |
| Total Debt | 63.94M | 58.74M | 49.75M | 30.21M | 58.52M |
| Total Liabilities | 115.60M | 116.74M | 122.68M | 114.42M | 122.27M |
| Stockholders Equity | 311.77M | 303.38M | 315.16M | 266.64M | 168.22M |
Cash Flow | |||||
| Free Cash Flow | -794.00K | 26.91M | -12.52M | 3.87M | 5.82M |
| Operating Cash Flow | 47.15M | 58.73M | 74.37M | 100.61M | 32.99M |
| Investing Cash Flow | -48.04M | -51.70M | -90.39M | -97.80M | -17.93M |
| Financing Cash Flow | 846.00K | -7.33M | 16.35M | -7.70M | -10.13M |
Petrus Resources Technical Analysis
Positive
1.87
Price Trends
1.84
Positive
1.82
Positive
1.64
Positive
Market Momentum
0.07
Negative
78.28
Negative
92.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PRQ, the sentiment is Positive. The current price of 1.87 is below the 20-day moving average (MA) of 1.89, above the 50-day MA of 1.84, and above the 200-day MA of 1.64, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 78.28 is Negative, neither overbought nor oversold. The STOCH value of 92.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PRQ.
Petrus Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$364.38M | 8.36 | 21.90% | 8.44% | 2.20% | 38.33% | |
71 Outperform | C$329.47M | 6.88 | 9.87% | ― | 74.76% | 7.44% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | C$325.60M | 22.63 | 3.44% | 6.19% | -8.58% | -98.92% | |
58 Neutral | C$410.09M | -54.27 | -3.42% | ― | -15.50% | -58.23% | |
54 Neutral | C$408.16M | -45.30 | -6.58% | ― | ― | -5.88% | |
40 Underperform | C$402.23M | -6.97 | -82.09% | ― | 5.13% | 61.58% |
* Energy Sector Average
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Petrus Resources Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Petrus Resources Posts Latest Monthly Activity Update Online
Positive
Mar 26, 2026
Petrus Resources has directed investors and stakeholders to its latest monthly activity update, now available on the company’s website, underscoring its practice of providing regular operational transparency. By maintaining a recurring caden...
Business Operations and StrategyDividends
Petrus Resources Declares March Dividend and Promotes Discounted DRIP
Positive
Mar 3, 2026
Petrus Resources has declared a monthly dividend of $0.01 per share for March 2026, payable to shareholders of record later in the month and designated as an eligible dividend for Canadian tax purposes. The announcement signals the company’s...
Business Operations and Strategy
Petrus Resources Points Investors to Online Monthly Activity Update
Positive
Feb 27, 2026
Petrus Resources has issued a brief update directing investors and stakeholders to its website for the latest monthly activity report, underscoring an effort to provide frequent transparency on operational performance. The move supports ongoing en...
Business Operations and StrategyDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Petrus Closes Harmattan Deal, Secures Equity and Sets 2026 Capital Plan
Positive
Feb 19, 2026
Petrus Resources has closed its previously announced $33.4 million acquisition of operated, oil-weighted Cardium light oil assets in the Harmattan area of central Alberta and completed associated equity financings. The company issued 11.8 million ...
Business Operations and StrategyPrivate Placements and Financing
Petrus Resources Upsizes Bought-Deal Financing to $14.5 Million Amid Strong Demand
Positive
Feb 5, 2026
Petrus Resources has increased the size of its previously announced bought-deal private placement to approximately $14.5 million, with underwriters agreeing to purchase 8,285,714 common shares at $1.75 per share and an option for additional shares...
Business Operations and StrategyDividends
Petrus Resources Maintains Monthly Payout with February 2026 Dividend and DRIP
Positive
Feb 3, 2026
Petrus Resources has declared a monthly dividend of $0.01 per share for February 2026, payable on February 27 to shareholders of record on February 17, and designated it as an eligible dividend for Canadian income tax purposes. The company is main...
Business Operations and StrategyDividends
Petrus Resources Declares January 2026 Dividend and Promotes Discounted DRIP
Positive
Jan 2, 2026
Petrus Resources has declared a monthly dividend of $0.01 per share for January 2026, payable to shareholders of record on January 15, 2026, and designated as an eligible dividend for Canadian tax purposes. The company is also continuing to promot...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.