National Bankshares Raises PrairieSky Royalty (TSE:PSK) Price Target to C$33.00

PrairieSky Royalty (TSE:PSK) had its target price boosted by analysts at National Bankshares from C$31.00 to C$33.00 in a research report issued on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 20.57% from the stock’s previous close.

PSK has been the subject of a number of other reports. Royal Bank of Canada raised shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. ATB Capital increased their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Finally, Scotiabank lifted their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$30.78.

PrairieSky Royalty Trading Up 0.8 %

TSE PSK traded up C$0.21 on Friday, hitting C$27.37. 98,873 shares of the stock were exchanged, compared to its average volume of 357,038. The company’s 50-day moving average price is C$27.23 and its two-hundred day moving average price is C$26.74. 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 has a 52-week low of C$21.22 and a 52-week high of C$28.59. The company has a market capitalization of C$6.54 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 0.47 and a beta of 1.79.

PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, July 15th. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$135.60 million for the quarter. PrairieSky Royalty had a return on equity of 8.37% and a net margin of 46.81%. Research analysts predict that PrairieSky Royalty will post 0.9572503 EPS for the current year.

About PrairieSky Royalty

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.