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

PrairieSky Royalty (TSE:PSK) had its target price raised by equities 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 indicates a potential upside of 5.56% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group increased their price target on PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. CIBC lowered PrairieSky Royalty from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$27.50 to C$31.00 in a research report on Monday. BMO Capital Markets increased their price target on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Tuesday. Royal Bank of Canada raised their target price on PrairieSky Royalty from C$26.00 to C$27.00 in a research report on Tuesday. Finally, National Bankshares raised their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$27.30.

PrairieSky Royalty Trading Down 1.6 %

PrairieSky Royalty stock traded down C$0.45 during midday trading on Tuesday, reaching C$27.00. 274,354 shares of the stock traded hands, compared to its average volume of 294,160. The company has a 50-day simple moving average of C$25.65 and a two-hundred day simple moving average of C$24.39. PrairieSky Royalty has a 12-month low of C$20.60 and a 12-month high of C$28.42. The firm has a market cap of C$6.45 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. 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 posted its quarterly 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 for the quarter. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. Research analysts expect that PrairieSky Royalty will post 1.0488722 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PrairieSky Royalty news, Director Leanne M. Bellegarde sold 6,650 shares of PrairieSky Royalty stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. In other PrairieSky Royalty news, Director Leanne M. Bellegarde sold 6,650 shares of PrairieSky Royalty stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. Also, Director Glenn Mcnamara purchased 12,800 shares of the business’s 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. 0.54% of the stock is currently owned by corporate 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.