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

PrairieSky Royalty (TSE:PSK - Free Report) had its target price increased by National Bankshares from C$32.00 to C$33.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also issued reports on PSK. BMO Capital Markets increased their target price on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a "strong-buy" rating in a report on Tuesday, October 29th. Raymond James raised shares of PrairieSky Royalty to a "hold" rating in a report on Thursday, October 17th. TD Securities increased their price objective on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a "hold" rating in a report on Tuesday, October 29th. Finally, Atb Cap Markets raised shares of PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$30.67.

PrairieSky Royalty Stock Performance

PrairieSky Royalty stock traded up C$0.12 during midday trading on Thursday, hitting C$27.18. The stock had a trading volume of 358,167 shares, compared to its average volume of 259,976. The firm's fifty day moving average is C$28.35 and its two-hundred day moving average is C$27.92. The company has a market capitalization of C$6.50 billion, a PE ratio of 28.31, a P/E/G 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$30.66. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40.

Insider Buying and Selling

In related news, Senior Officer Andrew Phillips purchased 4,436 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$28.60 per share, for a total transaction of C$126,884.68. 0.54% of the stock is owned by corporate insiders.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas.