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

Key Points

• Analysts rate PrairieSky a "Moderate Buy"—six firms cover the stock (three buys, three holds) with an average 12‑month price target of C$31.64, and several brokers (TD, BMO, National Bank) recently raised their targets.
• Director Margaret Anne Mckenzie bought 8,400 shares at C$29.92 on Feb 11, increasing her holding to 68,850 shares (a 13.9% rise); insiders own 0.54% of the company.
• Latest stock snapshot: shares opened at C$32.76, market cap C$7.62 billion, P/E 37.66, and a 52‑week range of C$21.97–C$33.40 with 50‑/200‑day moving averages of C$31.08/C$28.08.

Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$31.64.

A number of research firms have weighed in on PSK. TD Securities increased their target price 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, February 10th. Raymond James Financial downgraded shares of PrairieSky Royalty from a "moderate buy" rating to a "hold" rating and increased their target price for the company from C$35.00 to C$35.50 in a research report on Monday, March 30th. Scotiabank raised their price objective on shares of PrairieSky Royalty from C$30.00 to C$31.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 10th. BMO Capital Markets boosted their target price on shares of PrairieSky Royalty from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Tuesday, February 10th. Finally, National Bank Financial boosted 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 research report on Tuesday, February 3rd.

Insider Activity

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

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$32.76 on Wednesday. The company has a market capitalization of C$7.62 billion, a PE ratio of 37.66, a P/E/G ratio of 0.47 and a beta of 0.50. The company has a 50 day simple moving average of C$31.08 and a two-hundred day simple moving average of C$28.08. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.65 and a current ratio of 0.64. PrairieSky Royalty has a fifty-two week low of C$21.97 and a fifty-two week high of C$33.40.

About PrairieSky Royalty

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.

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