PrairieSky Royalty (PSK) PT Lowered to C$26.00

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PrairieSky Royalty (TSE:PSK) had its price objective reduced by equities researchers at Royal Bank of Canada from C$32.00 to C$26.00 in a research report issued on Tuesday. Royal Bank of Canada’s target price suggests a potential upside of 43.17% from the stock’s current price.

A number of other research firms have also recently issued reports on PSK. Macquarie decreased their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 30th. Raymond James decreased their price objective on shares of PrairieSky Royalty from C$28.50 to C$28.00 in a research report on Friday, October 5th. GMP Securities decreased their price objective on shares of PrairieSky Royalty from C$29.00 to C$22.00 in a research report on Thursday, December 13th. CIBC decreased their price objective on shares of PrairieSky Royalty from C$32.00 to C$30.00 in a research report on Friday, October 5th. Finally, Canaccord Genuity decreased their price objective on shares of PrairieSky Royalty from C$29.00 to C$26.00 in a research report on Tuesday, October 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$26.84.

Shares of TSE:PSK opened at C$18.16 on Tuesday. PrairieSky Royalty has a 52 week low of C$15.71 and a 52 week high of C$32.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.34 and a quick ratio of 1.29.

PrairieSky Royalty (TSE:PSK) last issued its earnings results on Monday, October 29th. The company reported C$0.12 EPS for the quarter. The business had revenue of C$78.10 million during the quarter. On average, equities research analysts anticipate that PrairieSky Royalty will post 0.409999979190066 earnings per share for the current year.

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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