PrairieSky Royalty (TSE:PSK) Price Target Raised to C$33.00 at National Bankshares

PrairieSky Royalty (TSE:PSK) had its price target boosted by National Bankshares from C$32.00 to C$33.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also weighed in on PSK. Raymond James raised PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. TD Securities increased their price objective on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. BMO Capital Markets upped their price target on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Atb Cap Markets raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, PrairieSky Royalty currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.67.

PrairieSky Royalty Trading Down 0.2 %

PSK stock opened at C$27.55 on Thursday. The company has a market capitalization of C$6.58 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$30.66. The company’s 50 day moving average price is C$28.45 and its two-hundred day moving average price is C$27.90.

PrairieSky Royalty (TSE:PSK) last issued its earnings results on Monday, October 28th. The company reported C$0.20 EPS for the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. During the same period in the previous year, the firm posted $0.23 EPS.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Andrew Phillips purchased 4,436 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$28.60 per share, for a total transaction of C$126,884.68. 0.54% of the stock is owned by insiders.

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.