PrairieSky Royalty (PSK) Given Market Perform Rating at Raymond James

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 (TSE:PSK) last issued its quarterly earnings data on Monday, February 11th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$51.60 million for the quarter, compared to analysts’ expectations of C$76.00 million. On average, equities research analysts forecast that PrairieSky Royalty will post 0.330000009705883 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; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.

See Also: Are Wall Street analysts’ stock ratings worth following?

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

Receive News & Ratings for PrairieSky Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty and related companies with MarketBeat.com's FREE daily email newsletter.