Shares of PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) have been assigned an average rating of "Hold" from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$21.98.

A number of research firms have recently issued reports on PSK. Scotiabank boosted their price target on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a report on Wednesday, June 8th. Stifel Nicolaus boosted their price target on shares of PrairieSky Royalty from C$23.75 to C$24.00 in a report on Tuesday, July 19th. BMO Capital Markets boosted their price target on shares of PrairieSky Royalty from C$23.00 to C$25.00 in a report on Tuesday, July 19th. National Bankshares cut their price target on shares of PrairieSky Royalty from C$27.00 to C$25.00 and set a "sector perform" rating on the stock in a report on Monday, July 18th. Finally, Royal Bank of Canada upped their price objective on shares of PrairieSky Royalty from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 19th.

Insider Buying and Selling at PrairieSky Royalty

In related news, Senior Officer Andrew Phillips purchased 7,000 shares of PrairieSky Royalty stock in a transaction on Wednesday, July 20th. The stock was purchased at an average cost of C$18.09 per share, with a total value of C$126,648.20. Following the acquisition, the insider now directly owns 662,204 shares in the company, valued at C$11,980,992.09.

PrairieSky Royalty Trading Down 0.7 %

PrairieSky Royalty (TSE:PSK – Get Rating) last released its earnings results on Monday, July 18th. The company reported C$0.46 EPS for the quarter, topping analysts' consensus estimates of C$0.38 by C$0.08. The business had revenue of C$198.10 million during the quarter. As a group, analysts anticipate that PrairieSky Royalty will post 1.24 earnings per share for the current fiscal year.

About PrairieSky Royalty

(Get Rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.

Featured Articles

• These 3 Reports Will Tell Us Much About the Current Economy
• Is Five Below Trying to Punch Too High?
• This Is What To Expect From The S&P 500 Now
• The Two Things You Need To Know About Oracle's FQ1 Report
• Three Value Stocks For A Volatile Market

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.