PrairieSky Royalty (TSE:PSK – Free Report) 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.
View Our Latest Stock Analysis on PSK
PrairieSky Royalty Trading Down 0.2 %
PrairieSky Royalty (TSE:PSK – Get Free Report) 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.
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