PrairieSky Royalty (TSE:PSK) had its price objective cut by stock analysts at Raymond James from C$14.00 to C$12.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 54.24% from the company’s previous close.
A number of other analysts have also issued reports on PSK. Stifel Firstegy lowered PrairieSky Royalty from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. National Bank Financial lowered their price target on PrairieSky Royalty from C$16.50 to C$12.00 and set a “sector perform” rating on the stock in a research note on Tuesday, March 10th. Royal Bank of Canada lowered their price target on PrairieSky Royalty from C$17.00 to C$10.00 in a research note on Monday, March 16th. Canaccord Genuity lowered their price target on PrairieSky Royalty from C$18.00 to C$15.00 in a research note on Tuesday, March 10th. Finally, Tudor Pickering reaffirmed a “hold” rating and issued a C$9.00 price target on shares of PrairieSky Royalty in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. PrairieSky Royalty has an average rating of “Hold” and a consensus target price of C$13.70.
Shares of PSK opened at C$7.78 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. PrairieSky Royalty has a 12 month low of C$6.47 and a 12 month high of C$20.73. The stock’s 50 day moving average is C$11.75 and its two-hundred day moving average is C$14.52. The firm has a market cap of $1.72 billion and a P/E ratio of 16.31.
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.
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