PrairieSky Royalty (TSE:PSK – Get Free Report) had its price target decreased by investment analysts at TD Securities from C$26.00 to C$25.00 in a research report issued on Tuesday, BayStreet.CA reports. TD Securities’ target price indicates a potential downside of 9.68% from the company’s previous close.
PSK has been the subject of several other research reports. Royal Bank of Canada raised shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Scotiabank upped their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. ATB Capital increased their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Finally, National Bankshares increased their target price on shares of PrairieSky Royalty from C$31.00 to C$33.00 in a report on Friday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$30.20.
Read Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Trading Up 0.7 %
PrairieSky Royalty (TSE:PSK – Get Free Report) last announced its quarterly earnings results on Monday, July 15th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$135.60 million for the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. On average, analysts anticipate that PrairieSky Royalty will post 0.9572503 earnings per share for the current fiscal year.
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.
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