Stifel Nicolaus Boosts PrairieSky Royalty (TSE:PSK) Price Target to C$30.00

PrairieSky Royalty (TSE:PSK) had its price target increased by Stifel Nicolaus from C$27.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 10.74% from the company’s current price.

A number of other research analysts have also issued reports on the stock. CIBC lowered shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$27.50 to C$31.00 in a research note on Monday. BMO Capital Markets upped their price target on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Tuesday. National Bankshares raised their price target on PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a research report on Friday, April 19th. Royal Bank of Canada boosted their price objective on PrairieSky Royalty from C$26.00 to C$27.00 in a research report on Tuesday. Finally, ATB Capital increased their target price on PrairieSky Royalty from C$27.00 to C$28.50 in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$27.30.

PrairieSky Royalty Stock Performance

Shares of TSE PSK opened at C$27.09 on Tuesday. The business’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 52 week low of C$20.60 and a 52 week high of C$28.42. The firm has a market cap of C$6.47 billion, a price-to-earnings ratio of 28.52, a P/E/G 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, 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 firm had revenue of C$136.60 million during the quarter. As a group, equities research analysts expect that PrairieSky Royalty will post 1.0488722 earnings per share for the current fiscal year.

Insider Transactions at PrairieSky Royalty

In other news, Senior Officer Andrew Phillips bought 3,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost of C$26.72 per share, for a total transaction of C$101,536.00. In other PrairieSky Royalty news, Senior Officer Andrew Phillips acquired 3,800 shares of PrairieSky Royalty stock in a transaction dated Wednesday, April 24th. The stock was bought at an average cost of C$26.72 per share, with a total value of C$101,536.00. Also, Director Leanne M. Bellegarde sold 6,650 shares of PrairieSky Royalty stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total transaction of C$171,437.00. 0.54% of the stock is owned by 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.