PrairieSky Royalty Ltd (PSK) PT Raised to C$33.00

PrairieSky Royalty Ltd (TSE:PSK) had its price target lifted by research analysts at National Bank Financial from C$28.00 to C$33.00 in a note issued to investors on Tuesday. National Bank Financial’s price objective indicates a potential downside of 3.90% from the stock’s previous close. National Bank Financial also issued estimates for PrairieSky Royalty’s FY2017 earnings at $0.40 EPS and FY2018 earnings at $0.28 EPS.

Other equities analysts also recently issued reports about the company. GMP Securities upped their target price on PrairieSky Royalty from C$30.00 to C$31.00 in a research report on Wednesday, July 26th. Royal Bank Of Canada cut their target price on PrairieSky Royalty from C$38.00 to C$34.00 in a research report on Thursday, July 20th. BMO Capital Markets raised PrairieSky Royalty from a “market perform” rating to an “outperform” rating and set a C$38.00 target price on the stock in a research report on Friday, October 27th. CIBC upped their target price on PrairieSky Royalty from C$35.00 to C$38.00 in a research report on Tuesday, October 17th. Finally, Barclays PLC upped their target price on PrairieSky Royalty from C$28.00 to C$32.00 in a research report on Monday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$35.45.

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PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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