PrairieSky Royalty (TSE:PSK) PT Raised to C$28.50

PrairieSky Royalty (TSE:PSK) had its price objective lifted by research analysts at ATB Capital from C$27.00 to C$28.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. ATB Capital’s target price indicates a potential upside of 5.20% from the stock’s current price.

A number of other brokerages also recently commented on PSK. National Bankshares increased their price target on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a report on Friday, April 19th. Raymond James dropped their target price on 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. BMO Capital Markets raised their price target on PrairieSky Royalty from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Tuesday. CIBC cut PrairieSky Royalty from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$27.50 to C$31.00 in a research note on Monday. Finally, Royal Bank of Canada upped their price target on shares of PrairieSky Royalty from C$26.00 to C$27.00 in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$27.30.

PrairieSky Royalty Trading Up 0.2 %

Shares of PrairieSky Royalty stock opened at C$27.09 on Tuesday. PrairieSky Royalty has a twelve month low of C$20.60 and a twelve month high of C$28.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 6.80. The business has a 50-day moving average price of C$25.84 and a 200-day moving average price of C$24.43. The firm has a market cap of C$6.47 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$136.60 million for the quarter. Equities research analysts anticipate that PrairieSky Royalty will post 1.0488722 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Andrew Phillips bought 3,800 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average price of C$26.72 per share, for a total transaction of C$101,536.00. In other news, Senior Officer Andrew Phillips bought 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average price of C$26.72 per share, with a total value of C$101,536.00. Also, Director Glenn Mcnamara purchased 12,800 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was purchased 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 currently owned by company insiders.

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.