The stock of PrairieSky Royalty Ltd (TSE:PSK) hit a new 52-week high and has $42.67 target or 38.00% above today’s $30.92 share price. The 9 months bullish chart indicates low risk for the $7.02B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $42.67 price target is reached, the company will be worth $2.67 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 476,473 shares traded hands. PrairieSky Royalty Ltd (TSE:PSK) has risen 23.18% since April 15, 2016 and is uptrending. It has outperformed by 19.32% the S&P500.
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 -6.50% below today’s ($30.92) 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 Dundee Securities to “Neutral” on Tuesday, January 12. BMO Capital Markets downgraded PrairieSky Royalty Ltd (TSE:PSK) rating on Friday, February 12. BMO Capital Markets has “Market Perform” rating and $24 price target. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, November 25. The firm earned “” rating on Monday, June 6 by Raymond James. On Wednesday, October 26 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.
More important 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 published article titled: “Canadian Natural Resources Limited Completes the Distribution of PrairieSky …”, 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) was released by: Theglobeandmail.com and their article: “The Globe and Mail” with publication date: June 01, 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 $7.02 billion. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. It has a 478.71 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.