National Bankshares Boosts PrairieSky Royalty (TSE:PSK) Price Target to C$37.00

PrairieSky Royalty (TSE:PSK) had its target price boosted by investment analysts at National Bankshares from C$33.00 to C$37.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 33.62% from the stock’s current price.

PSK has been the subject of several other reports. ATB Capital increased their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Scotiabank upped their target price on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. TD Securities cut their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 1st. Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Raymond James raised PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PrairieSky Royalty currently has a consensus rating of “Hold” and a consensus target price of C$30.60.

PrairieSky Royalty Stock Down 1.9 %

Shares of TSE PSK traded down C$0.53 during mid-day trading on Wednesday, reaching C$27.69. 82,930 shares of the company were exchanged, compared to its average volume of 357,338. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$28.93. The firm has a 50-day moving average of C$27.46 and a 200 day moving average of C$27.03. The stock has a market cap of C$6.62 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40.

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.