PrairieSky Royalty (TSE:PSK) PT Raised to C$18.50

PrairieSky Royalty (TSE:PSK - Get Free Report) had its price objective lifted by equities researchers at National Bankshares from C$15.00 to C$18.50 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price would suggest a potential downside of 33.29% from the stock's previous close.

A number of other equities research analysts have also weighed in on PSK. BMO Capital Markets set a C$30.00 price objective on PrairieSky Royalty and gave the stock an "outperform" rating in a research report on Wednesday, March 13th. Raymond James cut their target price on PrairieSky Royalty from C$33.00 to C$28.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. Canaccord Genuity Group lifted their target price on PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a "hold" rating in a report on Wednesday. ATB Capital lifted their target price on PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 20th. Finally, CIBC dropped their price objective on PrairieSky Royalty from C$29.50 to C$27.50 and set an "outperform" rating on the stock in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$26.13.

PrairieSky Royalty Price Performance

Shares of PSK traded up C$0.35 during midday trading on Friday, hitting C$27.73. The company's stock had a trading volume of 261,552 shares, compared to its average volume of 293,731. PrairieSky Royalty has a one year low of C$20.44 and a one year high of C$28.42. The company's fifty day simple moving average is C$25.44 and its two-hundred day simple moving average is C$24.34. 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 stock has a market capitalization of C$6.63 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty (TSE:PSK - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$136.60 million for the quarter. As a group, equities analysts expect that PrairieSky Royalty will post 1.0488722 earnings per share for the current fiscal year.

Insider Transactions at PrairieSky Royalty

In related news, Director Leanne M. Bellegarde sold 6,650 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. In other news, Director Glenn Mcnamara bought 12,800 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of C$23.28 per share, with a total value of C$297,999.36. Also, Director Leanne M. Bellegarde sold 6,650 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total value of C$171,437.00. Company insiders own 0.54% of the company's stock.

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.