The Globe and Mail reports in its Thursday, Oct. 23, edition that Raymond James analyst Luke Davis is keeping his "market perform" ranking for PrairieSky Royalty intact. The Globe's David Leeder writes that Mr. Davis bumped his share target ahead by a loonie to $30. Analysts on average target the shares at $30.27. Mr. Davis says in a note: "PrairieSky's 3Q25 results came in ahead of our expectations with oil volumes the key driver, a trend we expect to continue and have reflected in our longer-term estimates with oil moving higher despite ongoing headwinds. In our minds, the company screens well amidst a volatile backdrop and will be a beneficiary of continued weakness with key payors positioned in some of the lowest supply cost (e.g. Clearwater) and highest growth (e.g. Duvernay) oil plays. We continue to like PrairieSky's high-quality asset base and defensive positioning, and are becoming incrementally more bullish on underlying growth trends." The Globe reported on July 16 that Mr. Davis continued to rate PrairieSky "market perform." It was then worth $24.04. The Globe reported on Oct. 10 that Scotia Capital analyst Kevin Fisk continued to rate PrairieSky "sector perform." It was then worth $24.87.
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