OTCQB:PSHIF - Post by User
Post by
600Volton Mar 08, 2022 9:46am
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Post# 34494662
Analyst Upgrade Today
Analyst Upgrade Today * Raymond James’ Jeremy McCrea initiated coverage of PetroShale Inc. (PSH-X +3.45%)
increase
with an “outperform” rating and $1.15 target. The average is $1.05.
“Having an experienced management team with a track record of success, the company plans to grow and consolidate areas of the North Dakota Bakken/Three Forks formation,” he said. “As the company identifies assets, we calculate that the current highly profitable inventory should serve as a base to rapidly pay down debt given 4-6 month well payouts at current prices. As the company reduces leverage and embarks on a growth plan, we expect to see the valuation improve as new institutional investors become familiar with the name.”