PrairieSky Royalty (TSE:PSK) PT Raised to C$34.00

PrairieSky Royalty (TSE:PSK) had its price objective lifted by analysts at BMO Capital Markets from C$33.00 to C$34.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 22.35% from the company’s current price.

PSK has been the topic of a number of other research reports. National Bankshares lifted their target price on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Scotiabank lifted their target price on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. ATB Capital lifted their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Finally, Raymond James raised PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$30.80.

PrairieSky Royalty Stock Up 0.2 %

Shares of TSE:PSK traded up C$0.06 during trading on Tuesday, hitting C$27.79. 154,651 shares of the company’s stock traded hands, compared to its average volume of 356,372. The company has a 50-day moving average price of C$27.54 and a 200-day moving average price of C$27.06. PrairieSky Royalty has a 52 week low of C$21.22 and a 52 week high of C$28.93. The company has a market cap of C$6.64 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40.

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.