TD Securities Raises PrairieSky Royalty (TSE:PSK) Price Target to C$26.00

PrairieSky Royalty (TSE:PSK) had its target price increased by analysts at TD Securities from C$25.00 to C$26.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential downside of 8.93% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Scotiabank boosted their price objective on PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. Atb Cap Markets raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Raymond James upgraded shares of PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. Finally, National Bankshares increased their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Seven equities research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$30.80.

PrairieSky Royalty Trading Up 1.6 %

Shares of PrairieSky Royalty stock opened at C$28.55 on Tuesday. 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 stock’s 50 day simple moving average is C$27.59 and its 200-day simple moving average is C$27.07. The stock has a market cap of C$6.82 billion, a P/E ratio of 29.74, a P/E/G ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 1-year low of C$21.22 and a 1-year high of C$28.93.

Insider Buying and Selling

In related news, Senior Officer Daniel James Bertram acquired 7,670 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of C$28.20 per share, with a total value of C$216,290.93. 0.54% of the stock is currently owned by corporate insiders.

About PrairieSky Royalty

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.