PrairieSky Royalty Gets a Hold Rating from BMO Capital

By Austin Angelo

In a new note to investors on September 13, an analyst has provided a rating update for the Materials sector company, PrairieSky Royalty (TSX: PSK). On September 13, analyst Joe Levesque gave a Hold rating to PSK and set a C$30 price target.

According to TipRanks.com, Levesque is a 2-star analyst with an average return of 1.7% and a 46.7% success rate. Levesque covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Athabasca Oil Corporation, and Advantage Oil & Gas Ltd.

PrairieSky Royalty has an analyst consensus of Moderate Buy, with a price target consensus of C$32.36.

The company has a one year high of C$34.32 and a one year low of C$25.67. Currently, PrairieSky Royalty has an average volume of 380.4K.

PrairieSky Royalty Ltd. engages in collecting royalties from petroleum and natural gas production on its vast fee-simple and gross overriding royalty lands. The company was founded on November 27, 2013 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$31.62.