PrairieSky Royalty (PSK) Received its Third Buy in a Row

By Ryan Adsit

Analysts seem to be optimistic about PrairieSky Royalty (PSKResearch Report) lately, as after RBC Capital and BMO Capital rated the stock a Buy this past month, there is another positive note, this time from CIBC. Analyst Jamie Kubik rated PrairieSky Royalty (PSKResearch Report) a Buy yesterday, setting a C$23 price target.

According to TipRanks.com, Kubik has 0 stars on 0-5 star ranking scale with an average return of -17.3% and a 23.7% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

PrairieSky Royalty has an analyst consensus of Moderate Buy, with a price target consensus of C$22.93.

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 631.5K.

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 Friday at C$19.04.