PrairieSky Royalty (TSE:PSK) PT Raised to C$33.00 at BMO Capital Markets

PrairieSky Royalty (TSE:PSK) had its target price boosted by investment analysts at BMO Capital Markets from C$30.00 to C$33.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 21.82% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. ATB Capital increased their price objective on shares of PrairieSky Royalty from C$26.50 to C$27.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 20th. Canaccord Genuity Group increased their price target on shares of PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. National Bankshares boosted their price objective on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a report on Friday, April 19th. Raymond James decreased their target price on PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, CIBC cut PrairieSky Royalty from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from C$27.50 to C$31.00 in a report on Monday. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PrairieSky Royalty has a consensus rating of “Hold” and an average price target of C$27.30.

PrairieSky Royalty Price Performance

Shares of TSE PSK opened at C$27.09 on Tuesday. 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 business’s 50 day moving average price is C$25.84 and its two-hundred day moving average price is C$24.43. The company has a market cap of C$6.47 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. PrairieSky Royalty has a twelve month low of C$20.60 and a twelve month high of C$28.42.

PrairieSky Royalty (TSE:PSK) last posted its 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 return on equity of 8.22% and a net margin of 47.46%. The business had revenue of C$136.60 million for the quarter. On average, analysts predict that PrairieSky Royalty will post 1.0488722 EPS for the current year.

Insider Buying and Selling

In other news, Director Glenn Mcnamara acquired 12,800 shares of PrairieSky Royalty stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of C$23.28 per share, for a total transaction of C$297,999.36. In other news, Director Glenn Mcnamara acquired 12,800 shares of the stock in a transaction on Tuesday, February 20th. The stock was 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 business’s stock in a transaction 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 company insiders.

PrairieSky Royalty Company Profile

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.