Today, an analyst has provided a rating update for PrairieSky Royalty (PSK). Analyst Jeremy Mccrea from Raymond James remains neutral on the stock and has a C$20 price target.
According to TipRanks.com, Mccrea is ranked 0 out of 5 stars with an average return of -4.7% and a 40.8% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Currently, the analyst consensus on PrairieSky Royalty is a Moderate Buy with an average price target of C$22.75.
The company has a one-year high of C$31.90 and a one-year low of C$15.71. Currently, PrairieSky Royalty has an average volume of 433.6K.
PrairieSky Royalty Ltd. engages in the acquisition and management of royalty lands, in order to generate significant free cash flow through indirect third-party oil and gas investments. It offers its owned portfolio of royalty lands in Canada. The company was founded on November 27, 2013 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$19.95.
