Petroshale Inc (PSH) to Post FY2019 Earnings of $0.23 Per Share, National Bank Financial Forecasts

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Petroshale Inc (CVE:PSH) – Equities research analysts at National Bank Financial issued their FY2019 earnings per share estimates for Petroshale in a report released on Wednesday, April 10th. National Bank Financial analyst J. Hunt expects that the company will post earnings of $0.23 per share for the year. National Bank Financial has a “Outperform” rating and a $2.50 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their price target on shares of Petroshale from C$3.00 to C$2.25 in a research report on Thursday, January 10th. Haywood Securities dropped their price target on shares of Petroshale from C$3.75 to C$2.50 in a research report on Thursday, January 17th.

Shares of PSH opened at C$1.20 on Monday. The firm has a market cap of $235.86 million and a price-to-earnings ratio of 12.00. The company has a debt-to-equity ratio of 81.28, a current ratio of 0.79 and a quick ratio of 0.78. Petroshale has a twelve month low of C$1.00 and a twelve month high of C$2.43.

Petroshale Company Profile

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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