The stock of PrairieSky Royalty Ltd (TSE:PSK) is a huge mover today! About 59,236 shares traded hands. PrairieSky Royalty Ltd (TSE:PSK) has risen 19.58% since April 1, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.
The move comes after 6 months positive chart setup for the $6.83B company. It was reported on Nov, 7 by Barchart.com. We have $35.68 PT which if reached, will make TSE:PSK worth $1.57B more.
PrairieSky Royalty Ltd (TSE:PSK) Ratings Coverage
Out of 6 analysts covering Prairiesky Royalty (TSE:PSK), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $36 is the highest target while $21 is the lowest. The $28.91 average target is -0.34% below today’s ($29.01) stock price. Prairiesky Royalty has been the topic of 23 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, February 12. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, November 25. RBC Capital Markets maintained the shares of PSK in a report on Wednesday, October 26 with “Sector Perform” rating. Raymond James maintained the stock with “” rating in Monday, June 6 report. The rating was downgraded by Dundee Securities to “Neutral” on Tuesday, January 12.
More notable recent PrairieSky Royalty Ltd (TSE:PSK) news were published by: Business.Financialpost.com which released: “PrairieSky Royalty Ltd’s land base seeing lots of activity” on September 12, 2016, also Marketwired.com with their article: “Canadian Natural Resources Limited Completes the Distribution of PrairieSky …” published on June 07, 2016, Business.Financialpost.com published: “Canadian Natural Resources Ltd sells most of its royalty lands to PrairieSky …” on November 09, 2015. More interesting news about PrairieSky Royalty Ltd (TSE:PSK) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on June 01, 2014 as well as Business.Financialpost.com‘s news article titled: “PrairieSky Royalty Ltd. soars 32% in market debut” with publication date: May 29, 2014.
PrairieSky Royalty Ltd. is a Canada company, which holds a portfolio of fee simple mineral title, and gas and oil royalty interests in Canada. The company has a market cap of $6.83 billion. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. It has a 449.14 P/E ratio. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 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 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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