PrairieSky Royalty (TSE:PSK) Price Target Increased to C$33.00 by Analysts at BMO Capital Markets

PrairieSky Royalty (TSE:PSK) had its price objective raised by BMO Capital Markets from C$30.00 to C$33.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 21.82% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group raised their price objective on PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. CIBC lowered shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$27.50 to C$31.00 in a research note on Monday. National Bankshares boosted their price objective on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Friday, April 19th. ATB Capital upped their price objective on shares of PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. Finally, Raymond James lowered their target price on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$27.30.

PrairieSky Royalty Stock Performance

Shares of PSK opened at C$27.09 on Tuesday. The company has a 50-day simple moving average of C$25.84 and a two-hundred day simple moving average of C$24.43. The company has a debt-to-equity ratio of 6.80, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of C$6.47 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. PrairieSky Royalty has a one year low of C$20.60 and a one year high of C$28.42.

PrairieSky Royalty (TSE:PSK) last announced its earnings results on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.06. The firm had revenue of C$136.60 million during the quarter. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. On average, analysts anticipate that PrairieSky Royalty will post 1.0488722 EPS for the current fiscal year.

Insider Buying and Selling

In other PrairieSky Royalty news, Director Leanne M. Bellegarde sold 6,650 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. In other PrairieSky Royalty news, Director Leanne M. Bellegarde sold 6,650 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total transaction of C$171,437.00. Also, Senior Officer Andrew Phillips purchased 3,800 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were bought at an average cost of C$26.72 per share, for a total transaction of C$101,536.00. 0.54% of the stock is owned by company insiders.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.