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PrairieSky Royalty has been recommended as a top pick in the past, resulting in a net investment gain of 27%. However, some experts believe that the stock is trading at a massive and unjustified premium compared to its peers. This disparity in valuation has led one expert to suggest that holding another stock, FRU, may be a more favorable option. Despite the differing perspectives, it is evident that PrairieSky Royalty has provided substantial returns in the past, but its current valuation is a point of contention among experts.
Trades at a massive and unjustified premium of 14x. He holds FRU instead, trading at 8.5x.
FRU is such a low-cost producer, it hasn't benefited as much as marginal producers have in the uptick in oil/gas prices. So its margins haven't increased as much. FRU asset package is so good, he's happy to own it despite this year's price action. He likes both names.
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
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
In the last year, 2 stock analysts published opinions about PSK-T. 1 analyst 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.
PrairieSky Royalty was recommended as a Top Pick by on . Read the latest stock experts ratings for PrairieSky Royalty.
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.
2 stock analysts on Stockchase covered PrairieSky Royalty In the last year. It is a trending stock that is worth watching.
On 2024-11-20, PrairieSky Royalty (PSK-T) stock closed at a price of $29.62.
Our PAST TOP PICK with PSK has triggered its stop at $23. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 27%, when combined with our previous recommendations.