National Bank Keeps Their Buy Rating on PetroShale (PSH)

By Carrie Williams

Wall Street analyst has provided a review for the Materials company on September 11, but retained the same rating on the stock. Analyst John Hunt from National Bank reiterated a Buy rating on September 11.

PetroShale has an analyst consensus of Moderate Buy, with a price target consensus of C$3, which is a 66.7% upside from current levels. In a report issued on August 29, Canaccord Genuity also reiterated a Buy rating on the stock with a C$3 price target.


Based on PetroShale’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$6.27 million. In comparison, last year the company had a GAAP net loss of C$847K.

PetroShale, Inc. engages to acquisition, development and exploration for petroleum and natural gas production. It holds interests in the North Dakota Bakken and Three Forks. The company was founded on March 31, 1994 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$1.80.