PrairieSky Royalty (TSE:PSK) PT Raised to C$28.00

PrairieSky Royalty (TSE:PSK) had its price target increased by equities research analysts at Canaccord Genuity Group from C$24.75 to C$28.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 1.67% from the stock’s previous close.

A number of other analysts have also issued reports on the company. ATB Capital increased their target price on PrairieSky Royalty from C$26.50 to C$27.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. CIBC reduced their target price on PrairieSky Royalty from C$29.50 to C$27.50 and set an “outperform” rating for the company in a report on Tuesday, January 16th. National Bankshares cut their price objective on PrairieSky Royalty from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a report on Wednesday, January 10th. BMO Capital Markets set a C$30.00 price objective on PrairieSky Royalty and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Finally, Raymond James cut their price objective on 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. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$26.78.

PrairieSky Royalty Stock Down 0.5 %

Shares of PSK traded down C$0.13 during mid-day trading on Wednesday, reaching C$27.54. The company’s stock had a trading volume of 166,911 shares, compared to its average volume of 290,818. The business has a fifty day moving average of C$25.22 and a 200 day moving average of C$24.30. The company has a market cap of C$6.58 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. PrairieSky Royalty has a 1 year low of C$20.41 and a 1 year high of C$28.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 6.80.

PrairieSky Royalty (TSE:PSK) last released its earnings results on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.06. The company had revenue of C$136.60 million during the quarter. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. As a group, analysts forecast that PrairieSky Royalty will post 1.0488722 earnings per share for the current fiscal year.

Insider Activity

In other PrairieSky Royalty news, Director Glenn Mcnamara purchased 12,800 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of C$23.28 per share, with a total value of C$297,999.36. In other PrairieSky Royalty news, Director Glenn Mcnamara purchased 12,800 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought 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 dated Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total value of C$171,437.00. 0.54% of the stock is currently owned by company 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.