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

PrairieSky Royalty (TSE:PSK) had its target price lifted by investment analysts at National Bankshares from C$31.00 to C$33.00 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 20.39% from the company’s current price.

Several other analysts have also recently commented on PSK. ATB Capital lifted their price objective on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Scotiabank boosted their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Finally, Royal Bank of Canada raised 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$30.78.

PrairieSky Royalty Stock Performance

Shares of PSK opened at C$27.41 on Friday. 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 stock has a 50-day moving average of C$27.22 and a two-hundred day moving average of C$26.75. The stock has a market cap of C$6.55 billion, a P/E ratio of 28.55, a P/E/G ratio of 0.47 and a beta of 1.79. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$28.59.

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

PrairieSky Royalty Company Profile

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.