PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of "Moderate Buy" by Analysts

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$30.86.

PSK has been the topic of several recent analyst reports. TD Securities upgraded shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price objective on the stock in a research report on Wednesday, April 9th. Scotiabank upgraded shares of PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. Finally, CIBC reduced their price objective on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Daniel James Bertram purchased 1,990 shares of PrairieSky Royalty stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of C$23.63 per share, for a total transaction of C$47,024.70. Also, Senior Officer Andrew Phillips purchased 20,000 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, April 16th. The stock was acquired at an average price of C$23.70 per share, for a total transaction of C$473,962.00. Over the last 90 days, insiders have acquired 24,990 shares of company stock worth $591,699. Insiders own 0.54% of the company's stock.

PrairieSky Royalty Trading Down 0.3%

PrairieSky Royalty stock opened at C$23.60 on Friday. The stock has a market cap of C$5.63 billion, a P/E ratio of 26.14, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65. PrairieSky Royalty has a 1 year low of C$21.97 and a 1 year high of C$30.66. The firm's 50 day moving average price is C$23.47 and its 200-day moving average price is C$25.39.

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.

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