PrairieSky Royalty (TSE:PSK – Get Free Report) had its price objective lifted by analysts at BMO Capital Markets from C$33.00 to C$34.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 22.35% from the company’s current price.
PSK has been the topic of a number of other research reports. National Bankshares lifted their target price on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Scotiabank lifted their target price on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. ATB Capital lifted their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Finally, Raymond James raised PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$30.80.
PrairieSky Royalty Stock Up 0.2 %
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.
Further Reading
- Five stocks we like better than PrairieSky Royalty
- Energy and Oil Stocks Explained
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- What is a Low P/E Ratio and What Does it Tell Investors?
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Why Invest in 5G? How to Invest in 5G Stocks
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
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.