PrairieSky Royalty Ltd (TSE:PSK) hit a new 52-week low on Thursday . The stock traded as low as C$16.68 and last traded at C$16.80, with a volume of 678174 shares. The stock had previously closed at C$17.90.
PSK has been the topic of several recent analyst reports. CIBC reduced their price target on PrairieSky Royalty from C$30.00 to C$25.00 in a report on Thursday, November 22nd. Macquarie reduced their price target on PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 30th. Canaccord Genuity reduced their price target on PrairieSky Royalty from C$29.00 to C$26.00 in a report on Tuesday, October 16th. Finally, Raymond James reduced their price target on PrairieSky Royalty from C$28.50 to C$28.00 in a report on Friday, October 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. PrairieSky Royalty currently has an average rating of “Buy” and a consensus price target of C$29.48.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 1.34.
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About PrairieSky Royalty (TSE:PSK)
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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