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PrairieSky Royalty (PSK) Stock Forecast & Price Target

C$27.69
-0.41 (-1.46%)
(As of 07/22/2024 ET)

PrairieSky Royalty - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 9 Wall Street analysts who have issued ratings for PrairieSky Royalty in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 6 have given a hold rating, and 3 have given a buy rating for PSK.

Consensus Price Target

C$28.94
4.53% Upside
High ForecastC$33.00
Average ForecastC$28.94
Low ForecastC$18.50

According to the 9 analysts' twelve-month price targets for PrairieSky Royalty, the average price target is C$28.94. The highest price target for PSK is C$33.00, while the lowest price target for PSK is C$18.50. The average price target represents a forecasted upside of 4.53% from the current price of C$27.69.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$28.94C$27.30C$27.30C$25.55
Forecasted Upside4.53% Upside4.06% Upside4.06% Upside10.75% Upside
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PSK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PSK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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PrairieSky Royalty Stock vs. The Competition

TypePrairieSky RoyaltyEnergy Companies
Consensus Rating Score
2.33
2.71
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024ATB Capital
4 of 5 stars
 Boost TargetC$28.50 ➝ C$30.00+5.82%
7/17/2024Royal Bank of Canada
4 of 5 stars
M. Harvey
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Boost TargetSector PerformC$27.00 ➝ C$31.00+10.71%
7/12/2024Scotiabank
5 of 5 stars
 Boost TargetC$29.00 ➝ C$31.00+10.64%
4/23/2024Stifel Nicolaus
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 Boost TargetBuyC$27.00 ➝ C$30.00+11.48%
4/23/2024BMO Capital Markets
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 Boost TargetHoldC$30.00 ➝ C$33.00+22.63%
4/22/2024CIBC
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 DowngradeOutperform ➝ NeutralC$27.50 ➝ C$31.00+13.80%
4/19/2024National Bankshares
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 Boost TargetOutperformC$15.00 ➝ C$18.50-32.97%
4/17/2024Canaccord Genuity Group
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 Boost TargetHoldC$24.75 ➝ C$28.00+1.67%
1/19/2024Raymond James
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 Lower TargetOutperformC$33.00 ➝ C$28.00+27.80%
7/18/2023TD Securities
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 Boost TargetHoldC$23.00 ➝ C$24.00-8.50%
1/12/2023Stifel Firstegy
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M. Dunn
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:47 PM ET.

PSK Forecast - Frequently Asked Questions

What is PrairieSky Royalty's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for PrairieSky Royalty is C$28.94, with a high forecast of C$33.00 and a low forecast of C$18.50.

Should I buy or sell PrairieSky Royalty stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PrairieSky Royalty in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PSK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSK, but not buy additional shares or sell existing shares.

Does PrairieSky Royalty's stock price have much upside?

According to analysts, PrairieSky Royalty's stock has a predicted upside of 8.66% based on their 12-month stock forecasts.

What analysts cover PrairieSky Royalty?

PrairieSky Royalty has been rated by research analysts at ATB Capital, BMO Capital Markets, Royal Bank of Canada, Scotiabank, and Stifel Nicolaus in the past 90 days.

Do Wall Street analysts like PrairieSky Royalty more than its competitors?

Analysts like PrairieSky Royalty less than other "energy" companies. The consensus rating for PrairieSky Royalty is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how PSK compares to other companies.


This page (TSE:PSK) was last updated on 7/22/2024 by MarketBeat.com Staff

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