PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of “Hold” by Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$17.78.

Several research firms have recently weighed in on PSK. Tudor Pickering lifted their price objective on shares of PrairieSky Royalty to C$16.00 and gave the company a “hold” rating in a research note on Thursday, October 14th. TD Securities lifted their price objective on shares of PrairieSky Royalty from C$18.00 to C$18.50 and gave the company a “buy” rating in a research note on Tuesday, October 26th. Raymond James lifted their price objective on shares of PrairieSky Royalty from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 26th. Canaccord Genuity lifted their price objective on shares of PrairieSky Royalty from C$17.00 to C$19.00 in a research note on Tuesday, October 26th. Finally, CIBC lifted their price objective on shares of PrairieSky Royalty from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research note on Wednesday, October 27th.

PrairieSky Royalty stock traded up C$0.02 during mid-day trading on Thursday, hitting C$14.96. 77,890 shares of the stock were exchanged, compared to its average volume of 511,576. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 7.72. PrairieSky Royalty has a 12 month low of C$9.96 and a 12 month high of C$16.48. The firm’s fifty day simple moving average is C$14.50 and its two-hundred day simple moving average is C$14.12. The stock has a market capitalization of C$3.32 billion and a price-to-earnings ratio of 35.64.

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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