Petrus Resources (TSE:PRQ)
TSX:PRQ
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Petrus Resources
(TSX:PRQ)
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Rating:58Neutral
Price Target:
C$2.00
▲(6.95% Upside)
Action:Reiterated
Date:05/09/26
Overall score is driven primarily by weakened financial quality (net loss and sharply negative free cash flow) despite manageable leverage. Technicals add near-term caution with weak momentum and the stock trading below key short-term averages. These are partially offset by a high dividend yield and a balanced earnings-call outlook featuring solid operational execution and integration progress, tempered by market volatility and weather/gas-price headwinds.
Positive Factors
Moderate balance-sheet leverage
A debt-to-equity of ~0.25 indicates conservative leverage for an E&P company, providing funding flexibility to support drilling, acquisitions, or weather-related working capital needs. This structural cushion helps absorb commodity swings and reduces refinancing risk over the next 2–6 months.
Negative Factors
Deeply negative free cash flow
Negative free cash flow of roughly -$37.9M signals capital and acquisition spending exceed internally generated cash. Sustained negative FCF will force reliance on the balance sheet or external financing, constraining reinvestment prioritization and increasing funding risk if commodity prices remain soft.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate balance-sheet leverage
A debt-to-equity of ~0.25 indicates conservative leverage for an E&P company, providing funding flexibility to support drilling, acquisitions, or weather-related working capital needs. This structural cushion helps absorb commodity swings and reduces refinancing risk over the next 2–6 months.
Read all positive factors
Petrus Resources (PRQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$268.32M
Dividend Yield6.19%
Average Volume (3M)56.43K
Price to Earnings (P/E)―
Beta (1Y)-0.01
Revenue Growth8.02%
EPS Growth-80.95%
CountryCA
Employees16
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding147,428,820
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 producing and selling hydrocarbons—natural gas, crude oil, and natural gas liquids (NGLs)—from its operated and non-operated wells and facilities. Revenue is generated when produced volumes are sold to thi...
Petrus Resources Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
Balanced: The call highlighted meaningful operational progress — a completed acquisition with regulatory approval, eight wells drilled (4 brought onstream), and high liquids weighting in initial wells — demonstrating execution against the 2026 capital program. However, significant macro and operational headwinds (geopolitical-driven price volatility, inflationary pressures, wet spring breakup delays, partial production recognition in Q1, and weak gas prices forcing throttling) constrain near-term production and create uncertainty. On balance, the positives around asset addition, approvals, and drilling readiness are offset by the delays and market uncertainty.Positive Updates
Harmattan Acquisition Closed and Integrated
Closed Harmattan acquisition effective February 1, adding a complementary liquids-weighted asset that increases development inventory and long-term optionality. Final approvals were received from the Alberta Energy Regulator and the assets have been seamlessly integrated into existing operations.
Negative Updates
Severe Market Volatility and Geopolitical Supply Disruption
Dramatic volatility in the oil market and the Middle East conflict have created a supply-demand imbalance and heightened uncertainty. Management described the supply disruption as among the most disruptive seen in recent history, contributing to unpredictable pricing and operational decision complexity.
Read all updates
Q1-2026 Updates
Positive
Negative
Harmattan Acquisition Closed and Integrated
Closed Harmattan acquisition effective February 1, adding a complementary liquids-weighted asset that increases development inventory and long-term optionality. Final approvals were received from the Alberta Energy Regulator and the assets have been seamlessly integrated into existing operations.
Read all positive updates
Company Guidance
Petrus reiterated guidance to continue executing its 2026 development plan in line with its previously released 2026 capital budget and guidance: Q1 activity included drilling eight operated Cardium wells in Ferrier (four completed and brought onstream near the end of March, four remaining with completions starting early next week and production expected in late May/early June), initial liquids weighting of ~60% for the first (southern) wells and ~40–50% for the next four (with liquids expected to decline over time), a Harmattan acquisition closed effective Feb 1 (AER approvals received) that only partially contributed to Q1 volumes but is now fully contributing, and a decision on accelerating additional drilling pads to be made by the end of the month depending on oil prices and road/seasonal restrictions.Petrus Resources Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
72
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 87.25M | 79.36M | 81.15M | 125.61M | 128.19M | 81.27M |
| Gross Profit | 26.95M | 9.74M | 39.89M | 61.73M | 66.99M | 47.91M |
| EBITDA | 61.16M | 45.37M | 44.59M | 84.19M | 98.81M | 138.81M |
| Net Income | -827.00K | 10.57M | -1.25M | 50.73M | 60.87M | 114.56M |
Balance Sheet | ||||||
| Total Assets | 487.85M | 427.37M | 420.12M | 437.84M | 381.06M | 290.49M |
| Cash, Cash Equivalents and Short-Term Investments | 38.00K | 20.00K | 68.00K | 375.00K | 40.00K | 4.93M |
| Total Debt | 79.73M | 63.94M | 58.74M | 49.75M | 30.21M | 58.52M |
| Total Liabilities | 171.78M | 115.60M | 116.74M | 122.68M | 114.42M | 122.27M |
| Stockholders Equity | 316.07M | 311.77M | 303.38M | 315.16M | 266.64M | 168.22M |
Cash Flow | ||||||
| Free Cash Flow | -37.90M | -794.00K | 26.91M | -12.52M | 3.87M | 5.82M |
| Operating Cash Flow | 47.63M | 47.15M | 58.73M | 74.37M | 100.61M | 32.99M |
| Investing Cash Flow | -84.57M | -48.04M | -51.70M | -90.39M | -97.80M | -17.93M |
| Financing Cash Flow | 36.80M | 846.00K | -7.33M | 16.35M | -7.70M | -10.13M |
Petrus Resources Technical Analysis
Negative
1.87
Price Trends
1.92
Negative
1.85
Negative
1.72
Positive
Market Momentum
-0.03
Positive
40.91
Neutral
4.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PRQ, the sentiment is Negative. The current price of 1.87 is below the 20-day moving average (MA) of 1.91, below the 50-day MA of 1.92, and above the 200-day MA of 1.72, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 4.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | C$315.53M | 8.09 | 25.87% | 8.44% | 27.04% | 39.61% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | C$470.94M | 27.41 | -2.71% | ― | 29.68% | 89.77% | |
59 Neutral | C$330.41M | -3.59 | 2.51% | ― | 17.24% | -88.10% | |
58 Neutral | C$268.32M | -4.87 | -0.27% | 6.19% | 8.02% | -80.95% | |
49 Neutral | C$371.56M | -47.35 | -6.08% | ― | ― | 10.81% | |
44 Neutral | C$482.51M | -8.74 | -81.43% | ― | 22.31% | ― |
* Energy Sector Average
TSE:PRQ
Petrus Resources
1.81
0.60
49.59%
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Petrus Resources Corporate Events
Business Operations and StrategyDividends
Petrus Resources Declares April Dividend and Promotes Discounted DRIP
Positive
Apr 1, 2026
Petrus Resources has declared a monthly dividend of $0.01 per share for April 2026, payable at the end of the month to shareholders of record mid-April, reinforcing its commitment to returning capital to investors. The dividend is designated as an...
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 ...
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.