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Petrus Resources

TSX:PRQ
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRQ
TSX
CA$4M
Market Cap
  1. Home
  2. CA
  3. Energy
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 last earnings update was 38 days ago. More info.


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PRQ Share Price and Events
7 Day Returns
28.6%
TSX:PRQ
7%
CA Oil and Gas
7.1%
CA Market
1 Year Returns
-80%
TSX:PRQ
-46%
CA Oil and Gas
-25.3%
CA Market
PRQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Petrus Resources (PRQ) 28.6% -45.5% -62.5% -80% -96.3% -
CA Oil and Gas 7% -40.8% -46.8% -46% -53.7% -57.4%
CA Market 7.1% -24.1% -26.7% -25.3% -23.4% -17.5%
1 Year Return vs Industry and Market
  • PRQ underperformed the Oil and Gas industry which returned -46% over the past year.
  • PRQ underperformed the Market in Canada which returned -25.3% over the past year.
Price Volatility
PRQ
Industry
5yr Volatility vs Market

PRQ Value

 Is Petrus Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Petrus Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Petrus Resources.

TSX:PRQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:PRQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.825 (1 + (1- 26.5%) (3454.02%))
14.923
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (2 * 5.44%)
12.32%

Discounted Cash Flow Calculation for TSX:PRQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Petrus Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:PRQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 7.44 Analyst x5 6.62
2021 6.90 Analyst x5 5.47
2022 6.59 Est @ -4.42% 4.65
2023 6.42 Est @ -2.66% 4.03
2024 6.33 Est @ -1.43% 3.54
2025 6.29 Est @ -0.57% 3.13
2026 6.29 Est @ 0.03% 2.79
2027 6.32 Est @ 0.45% 2.50
2028 6.37 Est @ 0.75% 2.24
2029 6.43 Est @ 0.96% 2.01
Present value of next 10 years cash flows CA$36.00
TSX:PRQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$6.43 × (1 + 1.44%) ÷ (12.32% – 1.44%)
CA$59.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$59.95 ÷ (1 + 12.32%)10
CA$18.76
TSX:PRQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$36.00 + CA$18.76
CA$54.76
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$54.76 / 49.47
CA$1.11
TSX:PRQ Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.11
Current discount Discount to share price of CA$0.09
= -1 x (CA$0.09 - CA$1.11) / CA$1.11
91.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Petrus Resources is available for.
Intrinsic value
>50%
Share price is CA$0.09 vs Future cash flow value of CA$1.11
Current Discount Checks
For Petrus Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Petrus Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Petrus Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Petrus Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Petrus Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PRQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.85
TSX:PRQ Share Price ** TSX (2020-03-27) in CAD CA$0.09
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.03x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Petrus Resources.

TSX:PRQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PRQ Share Price ÷ EPS (both in CAD)

= 0.09 ÷ -0.85

-0.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petrus Resources is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Petrus Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Petrus Resources's expected growth come at a high price?
Raw Data
TSX:PRQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Petrus Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Petrus Resources's assets?
Raw Data
TSX:PRQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$2.16
TSX:PRQ Share Price * TSX (2020-03-27) in CAD CA$0.09
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.39x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1x
TSX:PRQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PRQ Share Price ÷ Book Value per Share (both in CAD)

= 0.09 ÷ 2.16

0.04x

* Primary Listing of Petrus Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petrus Resources is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Petrus Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Petrus Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRQ Future Performance

 How is Petrus Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
109.1%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Petrus Resources expected to grow at an attractive rate?
  • Petrus Resources's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Petrus Resources's earnings growth is expected to exceed the Canada market average.
  • Petrus Resources's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PRQ Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PRQ Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 109.1%
TSX:PRQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.3%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PRQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PRQ Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 64 32 1
2020-12-31 63 28 1
2020-03-28
TSX:PRQ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 64 28 -42
2019-09-30 59 31 -18
2019-06-30 66 37 4
2019-03-31 67 32 -10
2018-12-31 70 28 -3
2018-09-30 76 40 -91
2018-06-30 74 36 -134
2018-03-31 79 44 -124
2017-12-31 77 46 -111
2017-09-30 76 47 -56
2017-06-30 72 50 -10
2017-03-31 63 41 -56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Petrus Resources's earnings are expected to grow significantly at over 20% yearly.
  • Petrus Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PRQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Petrus Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PRQ Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.10 0.02 -0.16 3.00
2020-12-31 -0.14 -0.11 -0.18 3.00
2020-03-28
TSX:PRQ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.85
2019-09-30 -0.36
2019-06-30 0.08
2019-03-31 -0.20
2018-12-31 -0.07
2018-09-30 -1.83
2018-06-30 -2.71
2018-03-31 -2.51
2017-12-31 -2.28
2017-09-30 -1.17
2017-06-30 -0.21
2017-03-31 -1.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Petrus Resources will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Petrus Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Petrus Resources has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRQ Past Performance

  How has Petrus Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Petrus Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Petrus Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Petrus Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Petrus Resources's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Petrus Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Petrus Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PRQ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 64.39 -42.18 4.05
2019-09-30 59.50 -17.78 3.75
2019-06-30 65.85 3.74 4.33
2019-03-31 66.76 -9.74 5.19
2018-12-31 69.52 -3.28 5.76
2018-09-30 75.87 -91.44 4.88
2018-06-30 73.80 -134.09 4.64
2018-03-31 78.96 -124.26 4.33
2017-12-31 77.30 -111.26 3.76
2017-09-30 75.68 -56.01 6.52
2017-06-30 71.89 -10.01 6.53
2017-03-31 62.63 -55.57 6.89
2016-12-31 55.89 -66.99 8.23
2016-09-30 54.91 -91.60 7.21
2016-06-30 62.78 -105.95 7.78
2016-03-31 73.26 -66.83 8.31
2015-12-31 82.73 -69.03 7.94
2015-09-30 97.12 -95.89 7.09
2015-06-30 97.09 -69.30 6.96
2015-03-31 94.79 -56.01 5.80
2014-12-31 93.57 -47.49 4.71
2014-09-30 76.31 17.61 4.14
2014-06-30 69.09 12.37 3.26
2014-03-31 59.78 10.30 3.07
2013-12-31 49.14 8.14 2.79
2013-09-30 44.11 5.64 2.90
2013-06-30 39.76 5.09 2.91
2013-03-31 29.85 -0.98 2.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Petrus Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Petrus Resources has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Petrus Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Petrus Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Petrus Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRQ Health

 How is Petrus Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Petrus Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Petrus Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Petrus Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Petrus Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Petrus Resources Company Filings, last reported 2 months ago.

TSX:PRQ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 106.70 127.00 1.58
2019-09-30 109.71 124.52 2.08
2019-06-30 139.17 123.94 1.91
2019-03-31 136.16 131.51 3.61
2018-12-31 148.15 131.80 1.36
2018-09-30 126.91 130.60 2.56
2018-06-30 134.78 132.77 1.76
2018-03-31 145.23 138.72 1.23
2017-12-31 150.73 135.75 1.45
2017-09-30 217.93 131.14 1.82
2017-06-30 268.42 125.96 1.87
2017-03-31 269.01 120.45 4.04
2016-12-31 251.27 115.77 1.39
2016-09-30 263.21 127.27 7.64
2016-06-30 267.57 156.85 1.63
2016-03-31 313.94 155.00 2.89
2015-12-31 243.90 235.00 2.34
2015-09-30 280.12 236.38 0.87
2015-06-30 299.06 231.46 1.15
2015-03-31 305.91 205.51 0.93
2014-12-31 311.76 189.12 20.57
2014-09-30 374.07 90.00 122.20
2014-06-30 213.51 0.00 0.99
2014-03-31 158.65 51.90 0.24
2013-12-31 156.00 23.38 0.30
2013-09-30 153.86 17.97 0.11
2013-06-30 151.19 20.97 0.49
2013-03-31 146.43 11.30 0.50
  • Petrus Resources's level of debt (119%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60.7% vs 119% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Petrus Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Petrus Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -42.1% per year.
X
Financial health checks
We assess Petrus Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Petrus Resources has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRQ Dividends

 What is Petrus Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Petrus Resources dividends.
If you bought CA$2,000 of Petrus Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Petrus Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Petrus Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PRQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PRQ Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-28

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Petrus Resources has not reported any payouts.
  • Unable to verify if Petrus Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Petrus Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Petrus Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Petrus Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Petrus Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Petrus Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRQ Management

 What is the CEO of Petrus Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Neil Korchinski
COMPENSATION CA$415,250
AGE 42
TENURE AS CEO 3.3 years
CEO Bio

Mr. Neil Korchinski, P. Eng., has been the Chief Executive Officer, President of Petrus Resources Ltd. since November 7, 2016. Mr. Korchinski served as the Chief Operating Officer and Vice President of Engineering at Petrus Resources Ltd. since November 25, 2015 until November 7, 2016. Mr. Korchinski served as Vice President Engineering at Petrus Resources Corporation (formerly, Petrus Resources Ltd. (old)) since August 8, 2011 and served as its Chief Operating Officer since April 25, 2014. Mr. Korchinski served as Senior Exploitation Engineer for Peyto for a period of seven years, in that time more than $1 billion in capital was invested in Deep Basin drilling. Prior to that, he worked as a Professional Engineer for Renaissance Energy, Husky Energy and Crescent Point Energy in various exploitation, production and operation engineering roles. He served as Director of Petrus Resources Ltd. since November 7, 2016. He is a Professional Engineer with a BSc in Chemical Engineering in 2000 from the University of Calgary.

CEO Compensation
  • Neil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Neil's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Petrus Resources management team in years:

3.3
Average Tenure
  • The tenure for the Petrus Resources management team is about average.
Management Team

Neil Korchinski

TITLE
President
COMPENSATION
CA$415K
AGE
42
TENURE
3.3 yrs

Cheree Stephenson

TITLE
CFO & VP of Finance
COMPENSATION
CA$338K
TENURE
4.3 yrs

Marcus Schlegel

TITLE
Vice President of Engineering
COMPENSATION
CA$281K
TENURE
3.2 yrs

Brett Booth

TITLE
Vice President of Land
COMPENSATION
CA$259K
TENURE
3.2 yrs

Jamie Kuntz

TITLE
Manager of Facilities and Pipelines
COMPENSATION
CA$271K
TENURE
5.7 yrs

Robert Moncrieff

TITLE
Field Production Foreman
COMPENSATION
CA$162K
Board of Directors Tenure

Average tenure and age of the Petrus Resources board of directors in years:

4.3
Average Tenure
58
Average Age
  • The tenure for the Petrus Resources board of directors is about average.
Board of Directors

Don Gray

TITLE
Independent Chairman of the Board
COMPENSATION
CA$89K
AGE
53
TENURE
4.3 yrs

Neil Korchinski

TITLE
President
COMPENSATION
CA$415K
AGE
42
TENURE
3.3 yrs

Patrick Arnell

TITLE
Independent Director
COMPENSATION
CA$74K
AGE
58
TENURE
4.3 yrs

Don Cormack

TITLE
Independent Director
COMPENSATION
CA$78K
AGE
66
TENURE
4.3 yrs

Stephen White

TITLE
Independent Director
COMPENSATION
CA$68K
AGE
62
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Jun 19 Buy Donald Gray Individual 27. Jun 19 27. Jun 19 256,000 CA$0.29 CA$74,240
X
Management checks
We assess Petrus Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Petrus Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRQ News

Simply Wall St News

Should You Be Pleased About The CEO Pay At Petrus Resources Ltd.'s (TSE:PRQ)

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Check out our latest analysis for Petrus Resources How Does Neil Korchinski's Compensation Compare With Similar Sized Companies? … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Petrus Resources.

Simply Wall St -

How Much Of Petrus Resources Ltd. (TSE:PRQ) Do Insiders Own?

Check out our latest analysis for Petrus Resources TSX:PRQ Ownership Summary, August 12th 2019 What Does The Institutional Ownership Tell Us About Petrus Resources? … Insider Ownership Of Petrus Resources The definition of company insiders can be subjective, and does vary between jurisdictions. … General Public Ownership The general public, who are mostly retail investors, collectively hold 54% of Petrus Resources shares.

Simply Wall St -

Does Petrus Resources Ltd. (TSE:PRQ) Have A Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Since Petrus Resources tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Petrus Resources (TSE:PRQ) Is Using Debt In A Risky Way

TSX:PRQ Historical Debt, July 4th 2019 How Healthy Is Petrus Resources's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching Petrus Resources's balance sheet over time. … But it is future earnings, more than anything, that will determine Petrus Resources's ability to maintain a healthy balance sheet going forward.

Simply Wall St -

Are Petrus Resources Ltd.'s (TSE:PRQ) Interest Costs Too High?

PRQ’s Debt (And Cash Flows) PRQ has sustained its debt level by about CA$133m over the last 12 months including long-term debt. … Moreover, PRQ has generated CA$32m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 24%, signalling that PRQ’s current level of operating cash is high enough to cover debt. … Looking at PRQ’s CA$25m in current liabilities, it seems that the business arguably has a rather low level of current assets relative its obligations, with the current ratio last standing at 0.63x.

Simply Wall St -

What Did Petrus Resources Ltd.'s (TSE:PRQ) CEO Take Home Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for Petrus Resources How Does Neil Korchinski's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Neil Korchinski receives more in total compensation than the median of a group of companies in the same market, and of similar size to Petrus Resources Ltd..

Simply Wall St -

Those Who Purchased Petrus Resources (TSE:PRQ) Shares Three Years Ago Have A 78% Loss To Show For It

Because Petrus Resources is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. … Over three years, Petrus Resources grew revenue at 3.3% per year.

Simply Wall St -

Is Petrus Resources Ltd. (TSE:PRQ) A Volatile Stock?

(TSE:PRQ), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Petrus Resources Ltd. (TSE:PRQ): Are Analysts Optimistic?

Petrus Resources Ltd.'s (TSE:PRQ):. … Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. … Check out our latest analysis for Petrus Resources

Simply Wall St -

How Many Insiders Bought Petrus Resources Ltd. (TSE:PRQ) Shares?

The Last 12 Months Of Insider Transactions At Petrus Resources. … In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Donald Gray bought CA$100k worth of shares at a price of CA$0.83 per share. … Overall, Petrus Resources insiders were net buyers last year

Simply Wall St -

PRQ Company Info

Description

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. The company primarily holds a 54% working interest in the Ferrier/Strachan Area, which include 28,931 net acres of undeveloped and 13,631 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta. It also has an average of 63% working interest in the Thorsby/Pembina area covering 23,719 net acres of undeveloped land and 46,925 net acres of developed land located in southwest of Edmonton, Alberta; and an average of 50% working interest in the Foothills area that consists of 32,088 net acres of undeveloped land and 6,847 net acres of developed land located northwest of Rocky Mountain House, Alberta. Petrus Resources Ltd. is headquartered in Calgary, Canada.

Details
Name: Petrus Resources Ltd.
PRQ
Exchange: TSX
Founded:
CA$3,710,201
49,469,358
Website: http://www.petrusresources.com
Address: Petrus Resources Ltd.
240 – 4th Avenue SW,
Suite 2400,
Calgary,
Alberta, T2P 4H4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PRQ Common Shares The Toronto Stock Exchange CA CAD 09. Feb 2016
OTCPK PTRU.F Common Shares Pink Sheets LLC US USD 09. Feb 2016
DB 6P4 Common Shares Deutsche Boerse AG DE EUR 09. Feb 2016
Number of employees
Current staff
Staff numbers
16
Petrus Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 04:19
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.