PrairieSky Royalty (PSK) Price Target Cut to C$17.50

PrairieSky Royalty (TSE:PSK) had its price target dropped by analysts at Eight Capital from C$17.75 to C$17.50 in a report issued on Tuesday. Eight Capital’s price target indicates a potential downside of 4.68% from the stock’s current price.

PSK has been the subject of a number of other reports. TD Securities boosted their target price on PrairieSky Royalty from C$24.00 to C$27.00 and gave the company a “buy” rating in a research report on Tuesday. Canaccord Genuity decreased their target price on PrairieSky Royalty from C$29.00 to C$26.00 in a research report on Tuesday, October 16th. Royal Bank of Canada decreased their target price on PrairieSky Royalty from C$32.00 to C$26.00 in a research report on Tuesday, January 8th. GMP Securities decreased their target price on PrairieSky Royalty from C$29.00 to C$22.00 in a research report on Thursday, December 13th. Finally, CIBC decreased their target price on PrairieSky Royalty from C$30.00 to C$25.00 in a research report on Thursday, November 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$24.05.

Shares of PrairieSky Royalty stock opened at C$18.36 on Tuesday. PrairieSky Royalty has a one year low of C$15.71 and a one year high of C$31.90. The stock has a market capitalization of $4.36 billion and a P/E ratio of 38.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.34 and a quick ratio of 1.29.

About PrairieSky Royalty

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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