National Bankshares Raises PrairieSky Royalty (TSE:PSK) Price Target to C$37.00

PrairieSky Royalty (TSE:PSK) had its price target hoisted by research analysts at National Bankshares from C$33.00 to C$37.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 31.63% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th. ATB Capital raised their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. TD Securities lowered their price target on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 1st. Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada upgraded shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$30.60.

PrairieSky Royalty Stock Performance

Shares of PSK opened at C$28.11 on Wednesday. The stock has a market capitalization of C$6.72 billion, a P/E ratio of 29.28, a P/E/G 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 1 year low of C$21.22 and a 1 year high of C$28.93. The company’s fifty day moving average is C$27.50 and its two-hundred day moving average is C$27.05.

About PrairieSky Royalty

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.