PrairieSky Royalty Ltd (TSE:PSK) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$16.68 and last traded at C$16.80, with a volume of 678174 shares. The stock had previously closed at C$17.90.
Several analysts have issued reports on PSK shares. CIBC dropped their target price on PrairieSky Royalty from C$32.00 to C$30.00 in a research report on Friday, October 5th. Macquarie dropped their target price on PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 30th. Raymond James dropped their target price on PrairieSky Royalty from C$28.50 to C$28.00 in a research report on Friday, October 5th. Finally, Canaccord Genuity dropped their target price on PrairieSky Royalty from C$29.00 to C$26.00 in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$29.48.
The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02.
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PrairieSky Royalty Company Profile (TSE:PSK)
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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