PrairieSky Royalty (TSE:PSK) PT Raised to C$37.00 at National Bankshares

PrairieSky Royalty (TSE:PSK - Get Free Report) had its price target lifted by research analysts at National Bankshares from C$33.00 to C$37.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock.

Other equities analysts also recently issued research reports about the company. Scotiabank lifted their price target on PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. TD Securities decreased their price target on PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. Atb Cap Markets raised PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. ATB Capital raised their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Finally, Raymond James raised shares of PrairieSky Royalty to a "hold" rating in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$30.60.

PrairieSky Royalty Price Performance

The company has a 50 day moving average price of C$27.48 and a 200-day moving average price of C$27.04. PrairieSky Royalty has a 12-month low of C$21.22 and a 12-month high of C$28.93. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The company has a market cap of C$6.59 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78.

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.