PrairieSky Royalty (TSE:PSK) Rating Reiterated by Tudor Pickering

PrairieSky Royalty (TSE:PSK)‘s stock had its “hold” rating reaffirmed by research analysts at Tudor Pickering in a research note issued on Tuesday, Stock Target Advisor reports. They presently have a C$15.00 target price on the stock. Tudor Pickering’s target price indicates a potential upside of 7.30% from the company’s current price.

Several other brokerages also recently commented on PSK. Canaccord Genuity boosted their price objective on shares of PrairieSky Royalty from C$13.50 to C$15.00 and gave the company a “speculative buy” rating in a research report on Wednesday, March 31st. Stifel Firstegy downgraded PrairieSky Royalty from a “buy” rating to a “hold” rating in a research report on Monday, June 28th. Raymond James upped their price objective on PrairieSky Royalty from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 19th. National Bank Financial upped their price objective on PrairieSky Royalty to C$16.50 and gave the stock a “sector perform” rating in a research report on Thursday, June 17th. Finally, Tudor Pickering & Holt set a C$15.00 price objective on PrairieSky Royalty and gave the stock a “hold” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$16.10.

Shares of PSK opened at C$13.98 on Tuesday. PrairieSky Royalty has a 12 month low of C$7.88 and a 12 month high of C$15.73. The stock’s 50 day simple moving average is C$14.08. The company has a market capitalization of C$3.11 billion and a PE ratio of 78.10. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.44 and a quick ratio of 0.43.

PrairieSky Royalty (TSE:PSK) last announced its earnings results on Monday, April 19th. The company reported C$0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.02). The firm had revenue of C$59.50 million for the quarter. As a group, sell-side analysts forecast that PrairieSky Royalty will post 0.42 EPS for the current year.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 7.5 million acres of gross overriding royalty interests; and approximately 0.2 million acres of the GRT interest.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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