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.
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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 %
Shares of TSE:PSK opened at C$18.57 on Wednesday. The company has a 50 day moving average of C$17.54 and a 200-day moving average of C$17.69. The firm has a market cap of C$4.43 billion and a P/E ratio of 17.36. PrairieSky Royalty has a twelve month low of C$12.75 and a twelve month high of C$20.42. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 17.37.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.
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