New Risk • Jun 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Declared Dividend • Jun 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 6.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time. Announcement • Jun 03
Petrus Resources Ltd. Declares Monthly Dividend for June 2026, Payable on June 30, 2026 Petrus Resources Ltd. declared a monthly dividend in the amount of $0.01 per share payable June 30, 2026, to shareholders of record on June 16, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • May 07
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th May 2026 Payment date: 29th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time. Recent Insider Transactions Derivative • Apr 07
Chief Operating Officer exercised options to buy CA$114k worth of stock. On the 30th of March, Matt Skanderup exercised options to buy 56k shares at a strike price of around CA$2.22, costing a total of CA$124k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since June 2025, Matt's direct individual holding has increased from 312.51k shares to 406.74k. Company insiders have collectively sold CA$29k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th April 2026 Payment date: 30th April 2026 Dividend yield will be 5.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. However, EPS has declined by 2.1% over the last 5 years so the company would need to reverse this trend. Announcement • Apr 02
Petrus Resources Ltd. Declares Monthly Dividend for April 2026, Payable on April 30, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable April 30, 2026, to shareholders of record on April 15, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$2.22, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 19x in the Oil and Gas industry in Canada. Total returns to shareholders of 50% over the past three years. Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: CA$0.08 (vs CA$0.01 loss in FY 2024) Full year 2025 results: EPS: CA$0.08 (up from CA$0.01 loss in FY 2024). Revenue: CA$96.6m (up 19% from FY 2024). Net income: CA$10.6m (up CA$11.8m from FY 2024). Profit margin: 11% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
Petrus Resources Ltd., Annual General Meeting, May 22, 2026 Petrus Resources Ltd., Annual General Meeting, May 22, 2026. Declared Dividend • Mar 06
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 6.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 25x earnings) nor is it covered by cash flows (261% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 2,678% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Announcement • Mar 04
Petrus Resources Ltd. Declares Monthly Dividend for March 2026, Payable on March 31, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable March 31, 2026, to shareholders of record on March 17, 2026. New Risk • Feb 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 25x earnings per share. Cash payout ratio: 261% Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Declared Dividend • Feb 06
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 6.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 25x earnings) nor is it covered by cash flows (239% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 2,678% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Announcement • Feb 04
Petrus Resources Ltd. Declares Monthly Dividend for February 2026, Payable on February 27, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable February 27, 2026, to shareholders of record on February 17, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Jan 08
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th January 2026 Payment date: 30th January 2026 Dividend yield will be 6.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 25x earnings) nor is it covered by cash flows (238% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 2,678% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Announcement • Jan 03
Petrus Resources Ltd. Declares Monthly Dividend for January 2026, Payable on January 30, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share for January 2026 payable January 30, 2026, to shareholders of record on January 15, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Dec 04
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th December 2025 Payment date: 30th December 2025 Dividend yield will be 6.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 25x earnings) nor is it covered by cash flows (237% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 2,678% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Announcement • Dec 02
Petrus Resources Ltd. Declares Monthly Dividend for December 2025, Payable on December 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors declared a monthly dividend in the amount of $0.01 per share payable December 30, 2025, to shareholders of record on December 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Reported Earnings • Nov 09
Third quarter 2025 earnings released: CA$0.02 loss per share (vs CA$0.043 profit in 3Q 2024) Third quarter 2025 results: CA$0.02 loss per share (down from CA$0.043 profit in 3Q 2024). Revenue: CA$18.2m (up 1.8% from 3Q 2024). Net loss: CA$2.68m (down 151% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 06
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 17th November 2025 Payment date: 28th November 2025 Dividend yield will be 6.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (176% earnings payout ratio) nor is it covered by cash flows (320% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 95% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years. Announcement • Nov 04
Petrus Resources Declares Monthly Dividend for November 2025, Payable on November 28, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable November 28, 2025, to shareholders of record on November 17, 2025. Declared Dividend • Oct 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th October 2025 Payment date: 31st October 2025 Dividend yield will be 6.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (176% earnings payout ratio) nor is it covered by cash flows (319% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 95% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years. Announcement • Oct 02
Petrus Resources Ltd. Declares Monthly Dividend for October 2025, Payable on October 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable October 31, 2025, to shareholders of record on October 15, 2025. Declared Dividend • Sep 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th September 2025 Payment date: 29th September 2025 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (176% earnings payout ratio) nor is it covered by cash flows (317% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 95% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years. New Risk • Sep 04
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$147k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 176% Cash payout ratio: 317% Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Significant insider selling over the past 3 months (CA$147k sold). Announcement • Sep 03
Petrus Resources Declares Monthly Dividend for September 2025, Payable on September 29, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable September 29, 2025, to shareholders of record on September 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: CA$0.08 (vs CA$0.022 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.08 (up from CA$0.022 in 2Q 2024). Revenue: CA$33.2m (up 68% from 2Q 2024). Net income: CA$10.4m (up 272% from 2Q 2024). Profit margin: 31% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 08
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th August 2025 Payment date: 29th August 2025 Dividend yield will be 8.3%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 14x earnings) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,566% to bring the payout ratio under control, which is more than the 46% EPS growth achieved over the last 5 years. Announcement • Aug 08
Petrus Resources Ltd. Reaffirms Production Guidance for the Year 2025 Petrus Resources Ltd. reaffirmed production guidance for the year 2025. For the year, Average annual production is expected to remain between 9,000 boe/d and 10,000 boe/d, consistent with guidance provided in February 2025. Announcement • Aug 06
Petrus Resources Declares Monthly Dividend for August 2025, Payable on August 29, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable August 29, 2025, to shareholders of record on August 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Jul 06
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th July 2025 Payment date: 31st July 2025 Dividend yield will be 8.6%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 14x earnings) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,566% to bring the payout ratio under control, which is more than the 46% EPS growth achieved over the last 5 years. Announcement • Jul 03
Petrus Resources Ltd. Declares Monthly Dividend for July 2025, Payable on July 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable July 31, 2025, to shareholders of record on July 15, 2025. Declared Dividend • Jun 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 9.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 14x earnings) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,566% to bring the payout ratio under control, which is more than the 46% EPS growth achieved over the last 5 years. Announcement • Jun 03
Petrus Resources Ltd. Declares Monthly Dividend for June 2025, Payable on June 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable June 30, 2025, to shareholders of record on June 16, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Reported Earnings • May 09
First quarter 2025 earnings released: CA$0.02 loss per share (vs CA$0.043 loss in 1Q 2024) First quarter 2025 results: CA$0.02 loss per share (improved from CA$0.043 loss in 1Q 2024). Revenue: CA$16.1m (down 34% from 1Q 2024). Net loss: CA$3.09m (loss narrowed 42% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Declared Dividend • May 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th May 2025 Payment date: 30th May 2025 Dividend yield will be 9.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Announcement • May 02
Petrus Resources Ltd. Declares Monthly Dividend for May 2025, Payable May 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share for May 2025, payable May 30, 2025, to shareholders of record on May 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Apr 04
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th April 2025 Payment date: 30th April 2025 Dividend yield will be 9.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Announcement • Apr 02
Petrus Resources Ltd. Declares Monthly Dividend for April 2025, Payable on April 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable April 30, 2025, to shareholders of record on April 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Reported Earnings • Mar 26
Full year 2024 earnings released: CA$0.01 loss per share (vs CA$0.41 profit in FY 2023) Full year 2024 results: CA$0.01 loss per share (down from CA$0.41 profit in FY 2023). Revenue: CA$80.9m (down 25% from FY 2023). Net loss: CA$1.25m (down 102% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Petrus Resources Ltd., Annual General Meeting, May 21, 2025 Petrus Resources Ltd., Annual General Meeting, May 21, 2025. Declared Dividend • Mar 06
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 9.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 04
Petrus Resources Ltd. Declares Monthly Dividend, Payable on March 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable March 31, 2025, to shareholders of record on March 17, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Feb 13
Petrus Resources Ltd. Provides Production Guidance for the Year 2025 Petrus Resources Ltd. provided production guidance for the year 2025. The company expects to achieve 2025 annual average daily production of 9,000 boe per day to 10,000 boe per day - 65% gas and 35% total liquids. Declared Dividend • Feb 06
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 9.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 04
Petrus Resources Declares Monthly Dividend, Payable on February 28, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable February 28, 2025, to shareholders of record on February 14, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Jan 06
Dividend of CA$0.01 announced Dividend of CA$0.01 is the same as last year. Ex-date: 15th January 2025 Payment date: 31st January 2025 Dividend yield will be 8.3%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 03
Petrus Resources Ltd. Declares Monthly Dividend, Payable on January 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable January 31, 2025, to shareholders of record on January 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Upcoming Dividend • Dec 09
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 16 December 2024. Payment date: 30 December 2024. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 8.5%. Within top quartile of Canadian dividend payers (6.2%). Higher than average of industry peers (4.5%). Announcement • Nov 29
Petrus Resources Ltd. Declares Monthly Dividend for December 2024, Payable on December 30, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share, payable on December 30, 2024, to shareholders of record on December 16, 2024. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: CA$0.04 (vs CA$0.091 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0.04 (up from CA$0.091 loss in 3Q 2023). Revenue: CA$27.8m (up 10% from 3Q 2023). Net income: CA$5.30m (up CA$16.6m from 3Q 2023). Profit margin: 19% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 08
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 8.1%. Within top quartile of Canadian dividend payers (6.2%). Higher than average of industry peers (4.6%). Announcement • Nov 05
Petrus Resources Ltd. Declares Monthly Dividend for November 2024, Payable on November 29, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable November 29, 2024, to shareholders of record on November 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Oct 04
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th October 2024 Payment date: 31st October 2024 Dividend yield will be 6.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (498% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 02
Petrus Resources Ltd. Declares Monthly Dividend for October 2024, Payable on October 31, 2024 Petrus Resources Ltd. announced that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable October 31, 2024, to shareholders of record on October 15, 2024. Upcoming Dividend • Sep 10
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (4.8%). Announcement • Sep 04
Petrus Resources Ltd. Declares Monthly Dividend for September 2024, Payable on September 30, 2024 Petrus Resources Ltd. announced that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable September 30, 2024, to shareholders of record on September 17, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes. New Risk • Aug 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 28% Last year net profit margin: 42% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (498% cash payout ratio). Profit margins are more than 30% lower than last year (28% net profit margin). Upcoming Dividend • Aug 09
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (4.7%). Announcement • Aug 02
Petrus Resources Ltd. Declares Monthly Dividend for August 2024, Payable on August 30, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable August 30, 2024, to shareholders of record on August 16, 2024. Upcoming Dividend • Jul 10
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 17 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 76%. Trailing yield: 8.6%. Within top quartile of Canadian dividend payers (6.6%). Higher than average of industry peers (4.9%). Announcement • Jul 03
Petrus Resources Ltd. Declares Monthly Dividend for July 2024, Payable on July 31, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable July 31, 2024, to shareholders of record on July 17, 2024. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Peter Verburg was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 28
President recently sold CA$107k worth of stock On the 24th of June, Ken Gray sold around 77k shares on-market at roughly CA$1.39 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ken has been a net seller over the last 12 months, reducing personal holdings by CA$167k. Recent Insider Transactions • Jun 23
Independent Chairman of the Board recently bought CA$54k worth of stock On the 20th of June, Donald Gray bought around 41k shares on-market at roughly CA$1.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Donald has been a buyer over the last 12 months, purchasing a net total of CA$82k worth in shares. Recent Insider Transactions • Jun 10
President recently sold CA$53k worth of stock On the 7th of June, Ken Gray sold around 40k shares on-market at roughly CA$1.32 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ken has been a net seller over the last 12 months, reducing personal holdings by CA$44k. Upcoming Dividend • Jun 10
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 76%. Trailing yield: 9.0%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (4.9%). Buy Or Sell Opportunity • Jun 03
Now 20% undervalued Over the last 90 days, the stock has risen 1.5% to CA$1.32. The fair value is estimated to be CA$1.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years, while earnings per share has been flat. Announcement • May 30
Petrus Resources Ltd. Declares Monthly Dividend for June 2024, Payable on June 28, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend for June 2024 in the amount of $0.01 per share payable June 28, 2024, to shareholders of record on June 17, 2024. New Risk • May 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Profit margins are more than 30% lower than last year (29% net profit margin). Recent Insider Transactions • May 16
President recently sold CA$52k worth of stock On the 10th of May, Ken Gray sold around 38k shares on-market at roughly CA$1.38 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ken has been a net seller over the last 12 months, reducing personal holdings by CA$30k. Reported Earnings • May 09
First quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.14 profit in 1Q 2023) First quarter 2024 results: CA$0.04 loss per share (down from CA$0.14 profit in 1Q 2023). Revenue: CA$15.7m (down 55% from 1Q 2023). Net loss: CA$5.33m (down 131% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • May 07
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 31 May 2024. Trailing yield: 9.0%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (4.7%). Announcement • Apr 30
Petrus Resources Ltd. Declares Monthly Dividend for May 2024, Payable on May 31, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share for May 2024, payable May 31, 2024, to shareholders of record on May 15, 2024. Upcoming Dividend • Apr 05
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 30 April 2024. Trailing yield: 8.8%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (4.8%). Announcement • Mar 29
Petrus Resources Ltd. Declares Monthly Dividend for April 2024, Payable on April 30, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable April 30, 2024, to shareholders of record on April 15, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CA$0.41 (vs CA$0.53 in FY 2022) Full year 2023 results: EPS: CA$0.41 (down from CA$0.53 in FY 2022). Revenue: CA$124.2m (down 3.1% from FY 2022). Net income: CA$50.7m (down 17% from FY 2022). Profit margin: 41% (down from 48% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 48% per year.