National Bankshares Issues Positive Forecast for PrairieSky Royalty (TSE:PSK) Stock Price

PrairieSky Royalty (TSE:PSK) had its target price upped by analysts at National Bankshares from C$32.00 to C$33.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 19.35% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. TD Securities upped their target price on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. BMO Capital Markets lifted their price target on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$30.67.

PrairieSky Royalty Trading Up 0.1 %

TSE:PSK traded up C$0.04 during midday trading on Thursday, reaching C$27.65. 23,757 shares of the stock traded hands, compared to its average volume of 247,535. The company has a fifty day moving average of C$28.45 and a 200 day moving average of C$27.90. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$30.66. The stock has a market capitalization of C$6.61 billion, a P/E ratio of 28.80, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, October 28th. The company reported C$0.20 earnings per share (EPS) for the quarter. PrairieSky Royalty had a return on equity of 8.37% and a net margin of 46.81%. During the same quarter in the prior year, the firm posted $0.23 EPS.

Insider Activity at PrairieSky Royalty

In other PrairieSky Royalty news, Senior Officer Andrew Phillips bought 4,436 shares of PrairieSky Royalty stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of C$28.60 per share, with a total value of C$126,884.68. 0.54% of the stock is currently owned by insiders.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas.