PrairieSky Royalty (TSE:PSK) Stock Price Expected to Rise, National Bankshares Analyst Says

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

Other equities research analysts have also issued research reports about the stock. 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. TD Securities boosted their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. BMO Capital Markets raised their price objective on PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Raymond James upgraded PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$30.67.

PrairieSky Royalty Trading Down 0.2 %

TSE:PSK opened at C$27.55 on Thursday. The company has a market cap 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 current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. The company has a 50 day simple moving average of C$28.45 and a two-hundred day simple moving average of C$27.90. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$30.66.

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

Insider Buying and Selling at PrairieSky Royalty

In other PrairieSky Royalty news, Senior Officer Andrew Phillips acquired 4,436 shares of the stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of C$28.60 per share, for a total transaction of C$126,884.68. 0.54% of the stock is currently owned by company insiders.

PrairieSky Royalty Company Profile

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.