Several other research analysts have also weighed in on PSK. Raymond James Financial lowered their price objective on PrairieSky Royalty from C$31.00 to C$30.00 and set a market perform rating for the company in a research report on Tuesday. Canaccord Genuity lowered their price objective on PrairieSky Royalty from C$36.00 to C$35.00 in a research report on Tuesday. Barclays lifted their price objective on PrairieSky Royalty from C$28.00 to C$32.00 in a research report on Monday, October 30th. GMP Securities lifted their price objective on PrairieSky Royalty from C$33.00 to C$35.50 in a research report on Wednesday, November 1st. Finally, Scotiabank lifted their price objective on PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock a sector perform rating in a research report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. PrairieSky Royalty has a consensus rating of Hold and an average price target of C$34.85.
PrairieSky Royalty (TSE:PSK) opened at C$29.02 on Tuesday. PrairieSky Royalty has a 12-month low of C$27.10 and a 12-month high of C$35.90. The firm has a market capitalization of $6,850.00, a PE ratio of 70.78 and a beta of 1.01.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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