PrairieSky Royalty (TSE:PSK) Price Target Raised to C$29.00

PrairieSky Royalty (TSE:PSK - Free Report) had its target price increased by Raymond James Financial from C$28.00 to C$29.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other equities analysts also recently commented on the stock. TD Securities upgraded shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 target price for the company in a report on Wednesday, April 9th. Canaccord Genuity Group cut their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 and set a "hold" rating on the stock in a report on Tuesday. CIBC dropped their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Finally, Scotiabank upgraded PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$29.88.

PrairieSky Royalty Stock Up 0.8%

Shares of PSK stock traded up C$0.20 on Tuesday, hitting C$24.19. The stock had a trading volume of 271,938 shares, compared to its average volume of 434,952. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48. The business has a 50 day moving average price of C$23.57 and a 200 day moving average price of C$25.12. The company has a market cap of C$5.77 billion, a PE ratio of 26.79, a P/E/G ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a one year low of C$21.97 and a one year high of C$30.66.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Daniel James Bertram bought 1,990 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of C$23.63 per share, for a total transaction of C$47,024.70. Also, Senior Officer Pamela Pearl Kazeil acquired 2,000 shares of PrairieSky Royalty stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average cost of C$23.57 per share, with a total value of C$47,147.00. Company insiders own 0.54% of the company's stock.

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.