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

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat reports. Three investment 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 target price among brokers that have issued ratings on the stock in the last year is C$30.86.

A number of equities research analysts recently weighed in on the stock. CIBC lowered their price target on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a report on Thursday, April 10th. TD Securities raised shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price objective for the company in a research report on Wednesday, April 9th. Finally, Scotiabank raised PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th.

PrairieSky Royalty Stock Up 0.4%

Shares of TSE:PSK traded up C$0.09 during mid-day trading on Friday, hitting C$23.63. 288,274 shares of the company traded hands, compared to its average volume of 437,055. The firm's 50 day simple moving average is C$23.46 and its 200 day simple moving average is C$25.33. The firm has a market cap of C$5.64 billion, a P/E ratio of 26.17, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63. PrairieSky Royalty has a 52-week low of C$21.97 and a 52-week high of C$30.66.

Insiders Place Their Bets

In related news, Senior Officer Pamela Pearl Kazeil bought 2,000 shares of the business's stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average price of C$23.57 per share, for a total transaction of C$47,147.00. Also, Senior Officer Andrew Phillips purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was purchased at an average price of C$23.70 per share, with a total value of C$473,962.00. Insiders purchased a total of 24,990 shares of company stock valued at $591,699 in the last ninety days. Corporate insiders own 0.54% of the company's stock.

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.