Raymond James Reiterates Market Perform Rating for PrairieSky Royalty (PSK)

PrairieSky Royalty (TSE:PSK)‘s stock had its “market perform” rating reissued by equities researchers at Raymond James in a research note issued to investors on Tuesday. They presently have a C$20.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 9.47% from the company’s current price.

PSK has been the subject of a number of other reports. National Bank Financial decreased their price target on shares of PrairieSky Royalty from C$31.00 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, December 10th. CIBC decreased their price target on shares of PrairieSky Royalty from C$30.00 to C$25.00 in a research note on Thursday, November 22nd. Canaccord Genuity decreased their price target on shares of PrairieSky Royalty from C$29.00 to C$26.00 in a research note on Tuesday, October 16th. TD Securities increased their price target on shares of PrairieSky Royalty from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Eight Capital decreased their target price on shares of PrairieSky Royalty from C$17.75 to C$17.50 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. PrairieSky Royalty presently has a consensus rating of “Buy” and an average target price of C$24.05.

Shares of TSE:PSK opened at C$18.27 on Tuesday. The stock has a market cap of $4.36 billion and a PE ratio of 38.06. The company has a quick ratio of 1.29, a current ratio of 1.34 and a debt-to-equity ratio of 0.02. PrairieSky Royalty has a 12 month low of C$15.71 and a 12 month high of C$31.90.

PrairieSky Royalty Company Profile

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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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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