Analysis: Prairiesky Royalty (TSE:PSK) Stock Target Increased Today
In analysts note revealed to clients by National Bank Financial on Thursday, 3 December, the firm, Prairiesky Royalty (TSE:PSK), had their Estimated Target Price lowered to $28.00. Analusts right now have a solid “Outperform” rating on the stock.
From a total of 15 analysts covering Prairiesky Royalty (TSE:PSK) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $27.78 while the lowest target price is $19.52. The mean of all analyst targets is $22.84 with a 27.17% above today’s ($24.99) stock price. Prairiesky Royalty was the topic of 12 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 25 with “Sector Perform” rating.
Approximately 485,040 shares of stock traded hands. PrairieSky Royalty Ltd (TSE:PSK) has declined 24.36% since April 30, 2015 and is downtrending. It has underperformed by 24.07% the S&P500.
PrairieSky Royalty Ltd. is a royalty-focused company. The company has a market cap of $3.91 billion. The Firm is focused on encouraging third parties to develop the Royalty Assets, while seeking additional petroleum and natural gas assets that provide the Company with medium-term to long-term value enhancement potential. It has 22.22 P/E ratio. It does not directly conduct activities to explore for, develop or produce petroleum or natural gas, rather, third party development of the Royalty Assets provides the Company with royalty revenues.