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

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

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

PrairieSky Royalty Trading Up 1.8%

TSE:PSK traded up C$0.43 on Tuesday, reaching C$23.68. 463,677 shares of the stock traded hands, compared to its average volume of 441,713. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48. PrairieSky Royalty has a 1-year low of C$21.97 and a 1-year high of C$30.66. The company's 50 day moving average is C$23.34 and its 200-day moving average is C$26.10. The firm has a market capitalization of C$5.65 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78.

Insider Activity at PrairieSky Royalty

In other PrairieSky Royalty news, Senior Officer Daniel James Bertram acquired 1,990 shares of the company's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of C$23.63 per share, with a total value of C$47,024.70. Also, Senior Officer Andrew Phillips bought 20,000 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were acquired at an average cost of C$23.70 per share, with a total value of C$473,962.00. Insiders bought 24,990 shares of company stock valued at $591,699 in the last three months. 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.