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

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$30.86.

Several research analysts recently commented on the stock. Scotiabank upgraded shares of PrairieSky Royalty to a "hold" rating in a report on Wednesday, March 19th. National Bankshares lifted their target price on shares of PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a "sector perform" rating in a report on Thursday, January 30th. CIBC dropped their target price on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a report on Thursday, April 10th. Finally, TD Securities upgraded shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 target price on the stock in a report on Wednesday, April 9th.

PrairieSky Royalty Stock Down 1.4%

PSK stock opened at C$23.60 on Friday. 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 has a fifty day simple moving average of C$24.39 and a 200 day simple moving average of C$26.75. The firm has a market cap of C$5.63 billion, a PE ratio of 26.14, a PEG ratio of 0.47 and a beta of 1.78.

Insider Transactions at PrairieSky Royalty

In other PrairieSky Royalty news, Senior Officer Andrew Phillips bought 20,000 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average price of C$23.70 per share, with a total value of C$473,962.00. Also, Senior Officer Pamela Pearl Kazeil bought 2,000 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average cost of C$23.57 per share, for a total transaction of C$47,147.00. In the last 90 days, insiders have purchased 24,990 shares of company stock worth $591,699. 0.54% of the stock is currently owned by company insiders.

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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