PrairieSky Royalty (TSE:PSK) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

PrairieSky Royalty (TSE:PSK) had its price target increased by analysts at BMO Capital Markets from C$33.00 to C$34.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 19.09% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. TD Securities lowered their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. Atb Cap Markets raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. National Bankshares lifted their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Scotiabank increased their price objective on PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. Seven research 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 company’s stock. According to data from MarketBeat.com, PrairieSky Royalty currently has a consensus rating of “Hold” and an average price target of C$30.80.

PrairieSky Royalty Price Performance

Shares of PSK stock opened at C$28.55 on Tuesday. The stock has a 50 day moving average price of C$27.59 and a 200 day moving average price of C$27.07. PrairieSky Royalty has a 52-week low of C$21.22 and a 52-week high of C$28.93. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. The firm has a market capitalization of C$6.82 billion, a P/E ratio of 29.74, a P/E/G ratio of 0.47 and a beta of 1.78.

Insider Buying and Selling

In other news, Senior Officer Daniel James Bertram purchased 7,670 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired 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 currently 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.