PrairieSky Royalty (TSE:PSK) Stock Price Expected to Rise, Scotiabank Analyst Says

PrairieSky Royalty (TSE:PSK) had its price objective hoisted by research analysts at Scotiabank from C$30.00 to C$31.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 3.06% from the stock’s previous close.

PSK has been the topic of several other research reports. BMO Capital Markets raised their price objective on PrairieSky Royalty from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday. Raymond James Financial upgraded PrairieSky Royalty from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$30.00 to C$35.00 in a research note on Tuesday, December 9th. Natl Bk Canada upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. National Bank Financial lifted their target price on shares of PrairieSky Royalty from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Finally, TD Securities upped their price target on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, PrairieSky Royalty has an average rating of “Moderate Buy” and an average target price of C$31.57.

PrairieSky Royalty Trading Up 2.0%

Shares of PSK stock opened at C$30.08 on Tuesday. PrairieSky Royalty has a fifty-two week low of C$21.97 and a fifty-two week high of C$30.69. The company has a 50 day moving average price of C$27.76 and a 200 day moving average price of C$26.06. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63. The stock has a market capitalization of C$7.00 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 0.47 and a beta of 0.79.

Insider Activity

In related news, Director Margaret Anne Mckenzie acquired 8,400 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average price of C$29.92 per share, for a total transaction of C$251,328.00. Following the completion of the purchase, the director directly owned 68,850 shares of the company’s stock, valued at approximately C$2,059,992. This trade represents a 13.90% increase in their ownership of the stock. 0.54% of the stock is owned by corporate insiders.

Key Headlines Impacting PrairieSky Royalty

Here are the key news stories impacting PrairieSky Royalty this week:

• Positive Sentiment: Yahoo Finance highlights record oil royalties and a higher dividend discussion that could reset the bullish thesis for PrairieSky by improving cashflow visibility and dividend support—this is the primary fundamental catalyst cited for the share strength. Does Record Oil Royalties And A Higher Dividend Reset The Bull Case For PrairieSky (TSX:PSK)?
• Positive Sentiment: BMO Capital Markets raised its price target to C$34.00 and moved to an “outperform” rating, signalling stronger analyst conviction and providing uphill catalyst for the stock. BayStreet Analyst Ratings (BMO)
• Positive Sentiment: TD Securities lifted its target to C$33.00 and kept a “buy” stance, adding another institutional upgrade that supports further upside versus recent prices. BayStreet Analyst Ratings (TD)
• Positive Sentiment: Director Margaret Anne Mckenzie bought 8,400 shares (~C$251k at ~C$29.92), increasing her stake ~13.9%—an insider purchase that typically signals management confidence and can reassure investors. MarketBeat: PSK Insider Purchase
• Neutral Sentiment: Scotiabank raised its target to C$31.00 but kept a “sector perform” rating, which is less bullish than peers—helps the price-target consensus but is not as strong a buy signal. BayStreet Analyst Ratings (Scotiabank)

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.