PrairieSky Royalty (TSE:PSK) had its price target reduced by equities researchers at Royal Bank of Canada from C$26.00 to C$24.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 37.06% from the stock’s current price.
A number of other analysts also recently weighed in on PSK. TD Securities lifted their price target on PrairieSky Royalty from C$24.00 to C$27.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. Eight Capital decreased their price target on PrairieSky Royalty from C$17.75 to C$17.50 in a research note on Tuesday, February 12th. National Bank Financial downgraded PrairieSky Royalty from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target on the stock. in a research note on Tuesday, February 12th. Raymond James restated a “market perform” rating and issued a C$20.00 price target on shares of PrairieSky Royalty in a research note on Tuesday, February 12th. Finally, GMP Securities lifted their price target on PrairieSky Royalty from C$22.00 to C$22.50 in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$22.99.
Shares of PrairieSky Royalty stock traded down C$0.15 during trading on Friday, reaching C$17.51. The company’s stock had a trading volume of 240,135 shares, compared to its average volume of 432,814. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.89 and a quick ratio of 0.88. PrairieSky Royalty has a 12-month low of C$15.71 and a 12-month high of C$27.39. The company has a market cap of $4.27 billion and a PE ratio of 47.84.
PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings results on Monday, April 22nd. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$73.20 million during the quarter, compared to analysts’ expectations of C$70.30 million. On average, equities research analysts anticipate that PrairieSky Royalty will post 0.36960492374602 EPS for the current fiscal year.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.
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