PrairieSky Royalty (TSE:PSK) PT Raised to C$27.00

PrairieSky Royalty (TSE:PSK) had its target price increased by analysts at Royal Bank of Canada from C$26.00 to C$27.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective would indicate a potential downside of 0.33% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. ATB Capital increased their price target on shares of PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. National Bankshares boosted their price target 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. CIBC cut PrairieSky Royalty from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$27.50 to C$31.00 in a research note on Monday. BMO Capital Markets lifted their price objective on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Raymond James lowered their price target 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, PrairieSky Royalty currently has an average rating of “Hold” and an average target price of C$27.30.

PrairieSky Royalty Price Performance

PrairieSky Royalty stock opened at C$27.09 on Tuesday. The company’s 50 day simple moving average is C$25.84 and its 200-day simple moving average is C$24.43. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. PrairieSky Royalty has a 1 year low of C$20.60 and a 1 year high of C$28.42. The company has a market capitalization of C$6.47 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81.

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, beating analysts’ consensus estimates of C$0.22 by C$0.06. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. The company had revenue of C$136.60 million for the quarter. As a group, equities research analysts expect that PrairieSky Royalty will post 1.0488722 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Andrew Phillips acquired 3,800 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was bought at an average price of C$26.72 per share, for a total transaction of C$101,536.00. In related news, Senior Officer Andrew Phillips acquired 3,800 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of C$26.72 per share, for a total transaction of C$101,536.00. Also, Director Glenn Mcnamara acquired 12,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of C$23.28 per share, for a total transaction of C$297,999.36. 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.