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

Key Points

• Analysts assign PrairieSky an average rating of Moderate Buy from seven firms (3 hold, 3 buy, 1 strong buy) with a 12‑month consensus target of C$32.25, and several brokers (Scotiabank, TD, BMO, National Bank) recently raised their targets.
• The stock opened at C$34.35 with a market cap of C$7.98 billion, a P/E of 39.94, 50‑day/200‑day moving averages of C$31.89/C$28.83, and a 1‑year range of C$22.38–C$34.50.
• Insider activity: Director Margaret Anne McKenzie purchased 8,400 shares at about C$29.92 on Feb 11 (≈C$251,328), increasing her holding by 13.9%; insiders collectively own 0.54% of the company.

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given 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$32.25.

PSK has been the topic of a number of analyst reports. Scotiabank increased their target price on PrairieSky Royalty from C$30.00 to C$31.00 and gave the company a "sector perform" rating in a report on Tuesday, February 10th. Raymond James Financial cut 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 report on Monday, March 30th. National Bank Financial increased their target price on PrairieSky Royalty from C$32.00 to C$35.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. TD Securities increased their target price on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Finally, BMO Capital Markets increased their target price on PrairieSky Royalty from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Tuesday, February 10th.

PrairieSky Royalty Stock Performance

PSK opened at C$34.35 on Friday. The stock has a market cap of C$7.98 billion, a P/E ratio of 39.94, a P/E/G ratio of 0.47 and a beta of 0.50. The company has a debt-to-equity ratio of 9.36, a current ratio of 0.83 and a quick ratio of 0.65. The stock's 50 day simple moving average is C$31.89 and its 200 day simple moving average is C$28.83. PrairieSky Royalty has a 1-year low of C$22.38 and a 1-year high of C$34.50.

Insider Buying and Selling

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

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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