PrairieSky Royalty (TSE:PSK – Get Free Report) had its price objective lowered by stock analysts at TD Securities from C$26.00 to C$25.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. TD Securities’ target price would suggest a potential downside of 10.84% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Scotiabank lifted their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. National Bankshares upped their target price on PrairieSky Royalty from C$31.00 to C$33.00 in a research note on Friday, September 27th. Finally, ATB Capital raised their price target on PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PrairieSky Royalty has a consensus rating of “Hold” and an average price target of C$30.20.
View Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Stock Up 0.5 %
PrairieSky Royalty (TSE:PSK – Get Free Report) last released 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%. As a group, equities research analysts anticipate that PrairieSky Royalty will post 0.9572503 EPS for the current fiscal year.
PrairieSky Royalty Company Profile
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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