Petroshale (PSH) Price Target Cut to C$1.75
Petroshale (CVE:PSH) had its price target lowered by National Bank Financial from C$2.00 to C$1.75 in a report published on Tuesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Petroshale’s FY2019 earnings at $0.19 EPS and FY2020 earnings at $0.40 EPS.
Shares of PSH stock opened at C$0.98 on Tuesday. Petroshale has a 12 month low of C$0.86 and a 12 month high of C$2.31. The company has a debt-to-equity ratio of 82.33, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $199.43 million and a price-to-earnings ratio of 6.20.
Petroshale (CVE:PSH) last announced its quarterly earnings results on Wednesday, April 10th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$26.23 million for the quarter.
PetroShale Inc, a junior oil and natural gas company, engages in the acquisition, development, and consolidation of interests primarily in the North Dakota Bakken/Three Forks. It owns interests in the Antelope field covering an area of 1,639 net acres located in North Dakota; approximately 1,931 net acres in the South Berthold area of North Dakota; approximately 340 net acres in the North Nesson area; and approximately 120 acres in the Stockyard Creek area of North Dakota, the United States.
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