PrairieSky Royalty: Resilient Free Cash Flow and Liquids Growth Underpin Higher Target and Buy Rating
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PrairieSky Royalty has received a Buy rating from TD Cowen analyst Aaron Bilkoski, who set a price target of C$33.00. The rating is based on the company's strong free cash flow and growth in high-value liquids, supported by nearly $2 billion in third-party capital for production expansion. Bilkoski projects a 6.5% growth in liquids production by 2026, alongside a 3.5% dividend yield and share buybacks. He attributes a minor CFPS miss to a one-time expense, emphasizing the company's solid cash generation and attractive positioning for total returns.
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