Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$30.86.
PSK has been the topic of several research reports. Scotiabank raised PrairieSky Royalty to a "hold" rating in a report on Wednesday, March 19th. CIBC cut their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. TD Securities upgraded PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price target for the company in a research report on Wednesday, April 9th. Finally, National Bankshares boosted their price objective on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a "sector perform" rating in a report on Thursday, January 30th.
View Our Latest Stock Analysis on PrairieSky Royalty
Insiders Place Their Bets
In related news, Senior Officer Pamela Pearl Kazeil purchased 2,000 shares of PrairieSky Royalty stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average cost of C$23.57 per share, with a total value of C$47,147.00. Also, Senior Officer Andrew Phillips acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average cost of C$23.70 per share, for a total transaction of C$473,962.00. In the last ninety days, insiders acquired 23,000 shares of company stock worth $544,674. 0.54% of the stock is currently owned by company insiders.
PrairieSky Royalty Price Performance
Shares of TSE PSK traded up C$0.13 during midday trading on Monday, reaching C$23.77. The company's stock had a trading volume of 114,612 shares, compared to its average volume of 424,348. PrairieSky Royalty has a one year low of C$21.97 and a one year high of C$30.66. The company has a market cap of C$5.67 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a 50 day moving average price of C$25.32 and a 200 day moving average price of C$27.25. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48.
About PrairieSky Royalty
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Get Free ReportPrairieSky 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.
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