PrairieSky Royalty (TSE:PSK) Given New C$24.00 Price Target at National Bankshares

PrairieSky Royalty (TSE:PSKGet Rating) had its price objective hoisted by investment analysts at National Bankshares from C$23.00 to C$24.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 27.66% from the stock’s previous close.

Other analysts also recently issued reports about the company. Tudor Pickering increased their target price on PrairieSky Royalty to C$20.00 and gave the company a “hold” rating in a research note on Tuesday, February 8th. CIBC increased their price target on shares of PrairieSky Royalty from C$22.00 to C$24.00 in a research report on Thursday, March 3rd. Tudor Pickering & Holt raised their target price on PrairieSky Royalty from C$17.00 to C$20.00 and gave the stock a “hold” rating in a report on Tuesday, February 8th. National Bank Financial decreased their price objective on PrairieSky Royalty to C$18.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 6th. Finally, Royal Bank of Canada boosted their price objective on PrairieSky Royalty from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, PrairieSky Royalty has an average rating of “Hold” and a consensus target price of C$20.51.

TSE PSK traded down C$0.40 during trading on Tuesday, hitting C$18.80. The company had a trading volume of 207,774 shares, compared to its average volume of 589,223. PrairieSky Royalty has a one year low of C$12.51 and a one year high of C$19.48. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 24.86. The company’s fifty day moving average is C$17.36 and its 200-day moving average is C$15.54. The company has a market cap of C$4.49 billion and a price-to-earnings ratio of 34.18.

PrairieSky Royalty (TSE:PSKGet Rating) last issued its quarterly earnings results on Monday, February 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.18 by C$0.01. The business had revenue of C$100.60 million during the quarter. As a group, equities analysts anticipate that PrairieSky Royalty will post 0.85 EPS for the current year.

In other news, Senior Officer Andrew Phillips bought 10,000 shares of the stock in a transaction dated Friday, February 25th. The stock was purchased at an average price of C$16.29 per share, for a total transaction of C$162,900.00. Following the acquisition, the insider now owns 640,804 shares of the company’s stock, valued at C$10,438,697.16.

About PrairieSky Royalty (Get Rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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