PrairieSky Royalty (TSE:PSK) Rating Increased to Hold at Raymond James

PrairieSky Royalty (TSE:PSK) was upgraded by research analysts at Raymond James to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

Several other equities research analysts also recently issued reports on PSK. Scotiabank increased their price target on PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. TD Securities lowered their target price on PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 1st. Royal Bank of Canada upgraded shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$31.00 to C$33.00 in a report on Tuesday, September 17th. Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, ATB Capital raised their price objective on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$30.20.

PrairieSky Royalty Trading Down 0.7 %

Shares of TSE PSK opened at C$27.85 on Thursday. PrairieSky Royalty has a twelve month low of C$21.22 and a twelve month high of C$28.93. The stock has a market cap of C$6.66 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The company’s fifty day moving average is C$27.39 and its 200-day moving average is C$27.00.

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.