Buy, Sell or Hold: PrairieSky Royalty (PSK-T) — Stock Predictions at Stockchase

TSE:PSK

17.80

0.05 (0.28%) 1d

Showing 1 to 15 of 51 entries

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TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate PSK, a oil and gas royalty, generating strong cash flow, as a TOP PICK. The company avoids the capital investment treadmill of a traditional oil and gas producer, yet it has tripled its acreage exposure over the past eight years and has used its free cash flow to rapidly pay down debt. Even at $50 WTI prices, the company will produce sufficient free cash flow to allow it to expand its portfolio further. We recommend trailing up the stop loss (from $14.50) to $15.75, looking to achieve $22.50 -- upside potential over 19%. Yield 2.54% (Analysts’ price target is $22.21)

BUY

Has it peaked? The answer is how you feel on the oil price? They don't have exposure to costs, they just collect the royalty stream. Safer way to play the energy markets, as you just sit and collect the yield, but you don't get quite the same leverage.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly As a royalty, the company avoids the capital investment treadmill of a traditional oil and gas producer. Yet it has tripled its acreage exposure over the past eight years and has used its free cash flow to rapidly pay down debt. Even at $50 WTI prices, the company will produce sufficient free cash flow to allow it to expand its portfolio further. We recommend setting a stop loss at $14.50, looking to achieve $22.50 -- upside potential over 27%. Yield 2.68% (Analysts’ price target is $22.21)

HOLD

Sell? Commodities are a trade. But PSK is a royalty, so it's even safer than the other energy companies. When the price is high, trim; when the price goes away, add some back. The price of oil should stay up for a while and it'll be a good investment.

DON'T BUY

Believes company was over valued at IPO. Good management team that has been buying back stock and paying down debt. Thinks there are other Canadian energy stocks to hold. Not undervalued enough to justify investment.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A solid company for the sector. Balance sheet and cash flow looks good. Growth is positive and they managed the pandemic well. They cut dividends but it is now much higher than before. Their recent deal is good and is the right move for the company. Unlock Premium - Try 5i Free

WEAK BUY

Great long-term land position, tilted toward natural gas which should benefit them in coming quarters. Performance was especially poor in the downdraft, as it had been a darling. Cut dividend. He owns FRU instead, a bit smaller and has returned their dividend, and they have catalysts with acquisitions south of the border. Both names will do well, but he prefers FRU.

BUY on WEAKNESS

Likes royalty because there is less business risk. However, it is not risk free. Probably a good buy on dips. The reflation trade is interesting. For the next 6-12 months, it is okay for a trade.

PAST TOP PICK

(A Top Pick Apr 25/19, Down 53%) They sold out when they were stopped out last July. It is tough in the energy space right now. Investors have to avoid trying to be a bottom feeder and trade with tight stop loss levels.

DON'T BUY

They reported results yesterday, which were pretty much in line with expectations. The corporate decline rate is 19%, which is manageable. He likes the management team. However, with a low beta to oil price recovery, he is looking elsewhere.

COMMENT

They've been pressured by the price of oil, but PSK is a low-risk way of playing oil. PSK is spread out over thousands of royalties. This is good is you expect oil to remain flat, but not so good is oil takes off.

TOP PICK

Great business. Around $20 or below is a great level. Well positioned going forward. When oil companies are flush with cash, money will go back into more production, and they'll benefit. Yield is 3.81%. (Analysts’ price target is $22.24)

TOP PICK

This is a controversial name because it is a long term asset being valued on near term momentum and missed numbers last quarter. They don’t give projections on production numbers. They have no debt. It is a buy and hold kind of stock. (Analysts’ target: $32.07).

PAST TOP PICK

(A Top Pick Mar 20/17, Up 4%) His only energy stock. It is not a producer but is a royalty company. They missed on production guidance by 900 barrels and they lost 8-9% and it makes no sense to him. He likes it. It is a way to have oil exposure without capital risk. It is nice light oil. The balance sheet is impeccable.

BUY

Is the only Canadian oil stock he owns. [see CPG-Tcomment today.]

Showing 1 to 15 of 51 entries

PrairieSky Royalty(PSK-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

Stockchase rating for PrairieSky Royalty is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

PrairieSky Royalty(PSK-T) Frequently Asked Questions

What is PrairieSky Royalty stock symbol?

PrairieSky Royalty is a Canadian stock, trading under the symbol PSK-T on the Toronto Stock Exchange (PSK-CT). It is usually referred to as TSX:PSK or PSK-T

Is PrairieSky Royalty a buy or a sell?

In the last year, 5 stock analysts published opinions about PSK-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for PrairieSky Royalty.

Is PrairieSky Royalty a good investment or a top pick?

PrairieSky Royalty was recommended as a Top Pick by on . Read the latest stock experts ratings for PrairieSky Royalty.

Why is PrairieSky Royalty stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is PrairieSky Royalty worth watching?

5 stock analysts on Stockchase covered PrairieSky Royalty In the last year. It is a trending stock that is worth watching.

What is PrairieSky Royalty stock price?

On 2022-09-30, PrairieSky Royalty (PSK-T) stock closed at a price of $17.8.

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