PrairieSky Royalty (TSE:PSK) PT Raised to C$28.50

PrairieSky Royalty (TSE:PSK) had its price objective upped by research analysts at ATB Capital from C$27.00 to C$28.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. ATB Capital’s price target would indicate a potential upside of 5.20% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada increased their price target on PrairieSky Royalty from C$26.00 to C$27.00 in a research report on Tuesday. Canaccord Genuity Group raised 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 research note on Wednesday, April 17th. CIBC cut 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 research report on Monday. BMO Capital Markets raised their target price on PrairieSky Royalty from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, National Bankshares increased their price objective on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$27.30.

PrairieSky Royalty Trading Up 0.2 %

Shares of TSE:PSK opened at C$27.09 on Tuesday. PrairieSky Royalty has a twelve month low of C$20.60 and a twelve month high of C$28.42. The firm has a market cap of C$6.47 billion, a P/E ratio of 28.52, a P/E/G ratio of 0.47 and a beta of 1.81. The company has a 50 day moving average of C$25.84 and a 200-day moving average of C$24.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 6.80.

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

Insider Activity

In related news, Senior Officer Andrew Phillips bought 3,800 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of C$26.72 per share, for a total transaction of C$101,536.00. In other PrairieSky Royalty news, Director Glenn Mcnamara acquired 12,800 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average cost of C$23.28 per share, for a total transaction of C$297,999.36. Also, Senior Officer Andrew Phillips bought 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of C$26.72 per share, with a total value of C$101,536.00. 0.54% of the stock is owned by insiders.

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.