14:34:19 EDT Sat 10 Jun 2023
Enter Symbol
or Name

PrairieSky Royalty Ltd
Symbol PSK
Shares Issued 238,802,700
Close 2022-07-20 C$ 18.27
Recent Sedar Documents

Globe says PrairieSky still an "outperformer" for Kubik

2022-07-20 07:33 ET - In the News

The Globe and Mail reports in its Wednesday edition that CIBC World Markets analyst Jamie Kubik is keeping his "outperformer" call for PrairieSky Royalty intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kubik boosted his share target to $26 from $24. Analysts on average target the shares at $23.30. Mr. Kubik says in a note: "PrairieSky posted a very strong Q2 update, including better-than-expected production volumes, leading to cash flow that easily topped our estimates and consensus. While Q3 is likely to see volumes moderate with the reduced drilling activity seen in Q2, leasing activity likely sets PrairieSky up for growth in Q4/22, and our estimate revisions are net favorable on the back of this print. We increase our price target and continue to see the stock as providing attractive energy exposure, given its operational torque to a strong commodity tape, and defensive qualities in an inflationary environment." The Globe reported on March 24 that RBC saw PrairieSky making gains. It was then worth $17.47. The Globe reported on June 9 that Scotia Capital analyst Jason Bouvier continued to rate PrairieSky "sector perform." The shares could then be had for $19.55.

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