Canaccord Genuity Cuts Petroshale (PSH) Price Target to C$2.25

Petroshale (CVE:PSH) had its price objective dropped by equities research analysts at Canaccord Genuity from C$3.00 to C$2.25 in a research report issued to clients and investors on Thursday. Canaccord Genuity’s target price suggests a potential upside of 89.08% from the stock’s current price.

Separately, National Bank Financial lowered their price objective on Petroshale from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research report on Friday, November 30th.

CVE PSH traded down C$0.09 on Thursday, hitting C$1.19. 19,970 shares of the company traded hands, compared to its average volume of 43,698. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 81.28. Petroshale has a 52-week low of C$1.03 and a 52-week high of C$2.50.

Petroshale (CVE:PSH) last released its earnings results on Thursday, November 29th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$40.12 million for the quarter.

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.

Featured Article: Differences Between Momentum Investing and Long Term Investing

Receive News & Ratings for Petroshale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroshale and related companies with's FREE daily email newsletter.

Leave a Reply