PrairieSky Royalty (TSE:PSK) Given New C$33.00 Price Target at BMO Capital Markets

PrairieSky Royalty (TSE:PSK - Get Free Report) had its target price hoisted by BMO Capital Markets from C$30.00 to C$33.00 in a report issued on Tuesday, BayStreet.CA reports. The firm presently has a "hold" rating on the stock. BMO Capital Markets' target price points to a potential upside of 22.04% from the stock's current price.

PSK has been the subject of a number of other research reports. National Bankshares raised their price target on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an "outperform" rating in a research report on Friday. CIBC downgraded shares of PrairieSky Royalty from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from C$27.50 to C$31.00 in a report on Monday. Raymond James decreased their price objective on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an "outperform" rating for the company in a report on Friday, January 19th. ATB Capital lifted their price objective on shares of 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, Canaccord Genuity Group lifted their price objective on shares of PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a "hold" rating in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$27.30.

PrairieSky Royalty Stock Down 1.5 %

Shares of PSK stock traded down C$0.41 during mid-day trading on Tuesday, reaching C$27.04. 414,902 shares of the company were exchanged, compared to its average volume of 296,040. PrairieSky Royalty has a fifty-two week low of C$20.60 and a fifty-two week high of C$28.42. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of C$6.46 billion, a P/E ratio of 28.42, a P/E/G ratio of 0.47 and a beta of 1.81. The business's 50 day simple moving average is C$25.65 and its 200 day simple moving average is C$24.39.

PrairieSky Royalty (TSE:PSK - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, topping analysts' consensus estimates of C$0.22 by C$0.06. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. The business had revenue of C$136.60 million during the quarter. Research analysts predict that PrairieSky Royalty will post 1.0488722 earnings per share for the current year.

Insider Buying and Selling

In other PrairieSky Royalty news, Director Glenn Mcnamara purchased 12,800 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of C$23.28 per share, with a total value of C$297,999.36. In other news, Director Leanne M. Bellegarde sold 6,650 shares of the company's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total value of C$171,437.00. Also, Director Glenn Mcnamara bought 12,800 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of C$23.28 per share, for a total transaction of C$297,999.36. Corporate 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.