TD Securities Raises PrairieSky Royalty (TSE:PSK) Price Target to C$26.00

PrairieSky Royalty (TSE:PSK) had its target price boosted by equities researchers at TD Securities from C$25.00 to C$26.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential downside of 8.93% from the stock’s current price.

PSK has been the topic of a number of other reports. National Bankshares increased their target price on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. ATB Capital increased their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Royal Bank of Canada upgraded shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$31.00 to C$33.00 in a report on Tuesday, September 17th. Scotiabank increased their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. Finally, Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PrairieSky Royalty has an average rating of “Hold” and an average target price of C$30.80.

PrairieSky Royalty Price Performance

PrairieSky Royalty stock opened at C$28.55 on Tuesday. The firm has a market cap of C$6.82 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 52-week low of C$21.22 and a 52-week high of C$28.93. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The company’s 50 day moving average is C$27.59 and its two-hundred day moving average is C$27.07.

Insider Buying and Selling

In related news, Senior Officer Daniel James Bertram purchased 7,670 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of C$28.20 per share, for a total transaction of C$216,290.93. 0.54% of the stock is owned by company insiders.

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.