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

PrairieSky Royalty (TSE:PSK) had its price objective lifted by investment 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 indicate a potential upside of 22.35% from the company’s current price.

Several other equities research analysts have also recently weighed in on PSK. Atb Cap Markets raised PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. TD Securities reduced their price objective on PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. National Bankshares increased their price objective 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 raised their target price on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Finally, ATB Capital raised their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PrairieSky Royalty currently has a consensus rating of “Hold” and an average target price of C$30.80.

PrairieSky Royalty Stock Up 0.2 %

TSE:PSK traded up C$0.06 during mid-day trading on Tuesday, reaching C$27.79. The stock had a trading volume of 154,651 shares, compared to its average volume of 356,372. The business’s 50 day moving average is C$27.54 and its 200 day moving average is C$27.06. PrairieSky Royalty has a fifty-two week low of C$21.22 and a fifty-two week high of C$28.93. The stock has a market cap of C$6.64 billion, a P/E ratio of 28.89, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65.

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.