Petroshale Inc to Post FY2020 Earnings of $0.43 Per Share, National Bank Financial Forecasts (PSH)

Petroshale Inc (CVE:PSH) – Investment analysts at National Bank Financial issued their FY2020 EPS estimates for Petroshale in a research note issued to investors on Wednesday, April 10th, Zacks Investment Research reports. National Bank Financial analyst J. Hunt anticipates that the company will earn $0.43 per share for the year. National Bank Financial currently has a “Outperform” rating and a $2.50 price objective on the stock.

Petroshale (CVE:PSH) last posted its quarterly earnings data on Wednesday, April 10th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$26.23 million for the quarter.

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

Shares of CVE:PSH traded down C$0.02 during trading hours on Friday, hitting C$1.12. 30,600 shares of the company’s stock traded hands, compared to its average volume of 47,698. Petroshale has a 52 week low of C$1.00 and a 52 week high of C$2.43. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 82.33. The firm has a market cap of $214.77 million and a price-to-earnings ratio of 7.09.

About Petroshale

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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