PrairieSky Royalty (TSE:PSK – Get Free Report) was upgraded by stock analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a C$33.00 price objective on the stock, up from their previous price objective of C$31.00.
A number of other equities research analysts have also weighed in on the stock. Scotiabank raised their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. ATB Capital upped their price objective on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$29.17.
Get Our Latest Stock Analysis on PrairieSky Royalty
PrairieSky Royalty Price Performance
PrairieSky Royalty (TSE:PSK – Get Free Report) last released its quarterly earnings results on Monday, July 15th. The company reported C$0.25 earnings per share for the quarter. PrairieSky Royalty had a return on equity of 8.37% and a net margin of 46.81%. The firm had revenue of C$135.60 million during the quarter.
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.
Featured Stories
- Five stocks we like better than PrairieSky Royalty
- How to Capture the Benefits of Dividend Increases
- How Much Can You Make in Stocks in One Month?
- How to Invest in Small Cap Stocks
- This Is the Top Large-Cap Stock Insiders Are Buying
- What is a support level?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for PrairieSky Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty and related companies with MarketBeat.com's FREE daily email newsletter.