PrairieSky Royalty (TSE:PSK) was upgraded by GMP Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a C$34.00 target price on the stock, down from their prior target price of C$35.50. GMP Securities’ price objective points to a potential upside of 20.23% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada increased their target price on shares of PrairieSky Royalty from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. BMO Capital Markets set a C$38.00 target price on shares of PrairieSky Royalty and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity reduced their target price on shares of PrairieSky Royalty from C$36.00 to C$35.00 in a research report on Tuesday. Raymond James Financial reduced their target price on shares of 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. Finally, TD Securities reduced their target price on shares of PrairieSky Royalty from C$34.00 to C$33.00 and set a “hold” rating for the company in a research report on Tuesday. Four 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 currently has a consensus rating of “Hold” and a consensus price target of C$34.70.
Shares of PrairieSky Royalty (PSK) traded down C$0.19 during midday trading on Thursday, hitting C$28.28. 144,454 shares of the stock were exchanged, compared to its average volume of 445,457. The firm has a market capitalization of $6,850.00, a PE ratio of 69.02 and a beta of 1.01. PrairieSky Royalty has a 1-year low of C$27.10 and a 1-year high of C$35.90.
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.
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.