BMO Capital Markets Boosts PrairieSky Royalty (TSE:PSK) Price Target to C$33.00

PrairieSky Royalty (TSE:PSK) had its target price lifted by stock analysts at BMO Capital Markets from C$30.00 to C$33.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 22.22% from the company’s current price.

Other analysts have also recently issued reports about the company. ATB Capital boosted their price objective on PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. CIBC cut shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$27.50 to C$31.00 in a report on Monday. National Bankshares upped their target price on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity Group lifted their price target on shares of PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Raymond James lowered their price objective on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. 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, the stock has an average rating of “Hold” and an average target price of C$27.30.

PrairieSky Royalty Trading Down 1.6 %

TSE:PSK traded down C$0.45 on Tuesday, hitting C$27.00. 274,354 shares of the stock were exchanged, compared to its average volume of 294,160. The stock has a market capitalization of C$6.45 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 0.47 and a beta of 1.81. PrairieSky Royalty has a 52 week low of C$20.60 and a 52 week high of C$28.42. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day moving average price is C$25.65 and its 200 day moving average price is C$24.39.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.06. The firm 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%. On average, equities research analysts forecast that PrairieSky Royalty will post 1.0488722 earnings per share for the current year.

Insider Buying and Selling at PrairieSky Royalty

In other news, Director Leanne M. Bellegarde sold 6,650 shares of the company’s stock in a transaction dated 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 Glenn Mcnamara acquired 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, for a total transaction of C$297,999.36. Also, Director Leanne M. Bellegarde sold 6,650 shares of the stock in a transaction 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. Company insiders own 0.54% of the company’s stock.

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.