Raymond James Upgrades PrairieSky Royalty (TSE:PSK) to Hold

PrairieSky Royalty (TSE:PSK - Get Free Report) was upgraded by investment analysts at Raymond James to a "hold" rating in a research note issued on Thursday, Zacks.com reports.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada upgraded PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$31.00 to C$33.00 in a report on Tuesday, September 17th. National Bankshares increased their price target on PrairieSky Royalty from C$31.00 to C$33.00 in a report on Friday, September 27th. Scotiabank raised their price objective on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. TD Securities decreased their target price on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. Finally, Atb Cap Markets upgraded shares of PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Five 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. Based on data from MarketBeat, PrairieSky Royalty has a consensus rating of "Moderate Buy" and a consensus price target of C$30.20.

PrairieSky Royalty Trading Down 0.7 %

TSE:PSK traded down C$0.19 on Thursday, hitting C$27.85. The stock had a trading volume of 334,595 shares, compared to its average volume of 358,949. The company has a fifty day moving average price of C$27.39 and a two-hundred day moving average price of C$27.00. PrairieSky Royalty has a 1-year low of C$21.22 and a 1-year high of C$28.93. 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 stock has a market cap of C$6.66 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 0.47 and a beta of 1.78.

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.