PrairieSky Royalty (TSE:PSK)‘s stock had its “market perform” rating reiterated by equities research analysts at Raymond James in a report issued on Tuesday, BayStreet.CA reports. They currently have a C$20.00 price target on the stock. Raymond James’ price target points to a potential downside of 1.96% from the company’s current price.
Several other analysts also recently weighed in on the stock. Canaccord Genuity reduced their price objective on shares of PrairieSky Royalty from C$26.00 to C$23.00 in a research report on Thursday, January 10th. Royal Bank of Canada reduced their price objective on shares of PrairieSky Royalty from C$32.00 to C$26.00 in a research report on Tuesday, January 8th. TD Securities boosted their price objective on shares of PrairieSky Royalty from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research report on Tuesday, February 12th. National Bank Financial downgraded shares of PrairieSky Royalty from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective for the company. in a research report on Tuesday, February 12th. Finally, Eight Capital reduced their price target on shares of PrairieSky Royalty from C$17.75 to C$17.50 in a research report on Tuesday, February 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$23.16.
Shares of TSE:PSK opened at C$20.40 on Tuesday. The company has a market cap of $4.54 billion and a PE ratio of 55.28. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.76. PrairieSky Royalty has a twelve month low of C$15.71 and a twelve month high of C$29.33.
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; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.
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