TD Securities Lowers PrairieSky Royalty (TSE:PSK) Price Target to C$25.00

PrairieSky Royalty (TSE:PSK) 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.

PrairieSky Royalty Stock Up 0.5 %

PSK opened at C$28.04 on Tuesday. The business’s fifty day simple moving average is C$27.21 and its 200 day simple moving average is C$26.80. PrairieSky Royalty has a 52 week low of C$21.22 and a 52 week high of C$28.59. The firm has a market cap of C$6.70 billion, a P/E ratio of 29.21, a PEG ratio of 0.47 and a beta of 1.79. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40.

PrairieSky Royalty (TSE:PSK) 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.