PrairieSky Royalty (TSE:PSK) Price Target Raised to C$33.00 at National Bankshares

PrairieSky Royalty (TSE:PSK) had its price target raised by research analysts at National Bankshares from C$31.00 to C$33.00 in a report released on Friday, BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 20.39% from the stock’s current price.

Several other research analysts have also recently weighed in on PSK. Scotiabank boosted their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Royal Bank of Canada upgraded shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$31.00 to C$33.00 in a report on Tuesday, September 17th. Finally, ATB Capital increased their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, PrairieSky Royalty has a consensus rating of “Hold” and a consensus target price of C$30.78.

PrairieSky Royalty Trading Up 1.9 %

Shares of PrairieSky Royalty stock opened at C$27.41 on Friday. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The stock’s 50 day simple moving average is C$27.22 and its 200-day simple moving average is C$26.75. The stock has a market cap of C$6.55 billion, a P/E ratio of 28.55, a P/E/G ratio of 0.47 and a beta of 1.79. PrairieSky Royalty has a 1-year low of C$21.22 and a 1-year high of C$28.59.

PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, July 15th. The company reported C$0.25 earnings per share for the quarter. The company had revenue of C$135.60 million for the quarter. PrairieSky Royalty had a return on equity of 8.37% and a net margin of 46.81%. Analysts predict that PrairieSky Royalty will post 0.9572503 EPS for the current fiscal year.

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.