PrairieSky Royalty (TSE:PSK) Stock Rating Upgraded by National Bankshares

PrairieSky Royalty (TSE:PSK) was upgraded by stock analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a C$33.00 price target on the stock, up from their previous price target of C$32.00. National Bankshares’ price objective points to a potential upside of 30.49% from the company’s current price.

Other research analysts have also issued research reports about the company. Scotiabank raised their target price on PrairieSky Royalty from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Raymond James Financial increased their price target on PrairieSky Royalty from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group cut their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 and set a “hold” rating on the stock in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.43.

PrairieSky Royalty Trading Up 0.2%

PSK opened at C$25.29 on Tuesday. PrairieSky Royalty has a fifty-two week low of C$21.97 and a fifty-two week high of C$30.66. The firm has a market capitalization of C$5.95 billion, a PE ratio of 27.19, a P/E/G ratio of 0.47 and a beta of 0.80. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65. The company’s 50-day moving average is C$24.86 and its 200 day moving average is C$24.00.

About PrairieSky Royalty

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas.