PrairieSky Royalty Ltd. (TSE:PSK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$17.78.

PSK has been the topic of several research analyst reports. Tudor Pickering & Holt set a C$17.00 price target on shares of PrairieSky Royalty and gave the company a “hold” rating in a research note on Tuesday, October 26th. TD Securities increased their price target on shares of PrairieSky Royalty from C$18.00 to C$18.50 and gave the company a “buy” rating in a research note on Tuesday, October 26th. Scotiabank increased their price target on shares of PrairieSky Royalty from C$16.00 to C$17.00 in a research note on Thursday, October 14th. Tudor Pickering increased their price target on shares of PrairieSky Royalty to C$16.00 and gave the company a “hold” rating in a research note on Thursday, October 14th. Finally, Royal Bank of Canada increased their price target on shares of PrairieSky Royalty from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 26th.

PrairieSky Royalty stock traded up C$0.02 during trading hours on Thursday, hitting C$14.96. 77,890 shares of the stock were exchanged, compared to its average volume of 511,576. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a market capitalization of C$3.32 billion and a P/E ratio of 35.64. PrairieSky Royalty has a 12 month low of C$9.96 and a 12 month high of C$16.48. The business’s 50-day moving average is C$14.50 and its two-hundred day moving average is C$14.12.

About PrairieSky Royalty

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; 7.5 million acres of gross overriding royalty interests; and approximately 0.2 million acres of the GRT interest.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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