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

Key Points

• PrairieSky Royalty Ltd. has received a consensus recommendation of "Moderate Buy" from analysts, with four holding, two buying, and two strongly buying ratings.
• The average one-year price target for PrairieSky shares is C$29.86, with recent price targets varying from C$25.00 to C$29.00 depending on the analyst.
• The company's stock opened at C$24.19 and has a market capitalization of C$5.77 billion, with a P/E ratio of 26.79.

Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$29.86.

PSK has been the subject of several research reports. Canaccord Genuity Group decreased their target price on PrairieSky Royalty from C$26.00 to C$25.00 and set a "hold" rating for the company in a research note on Tuesday, July 15th. Raymond James Financial raised their price objective on PrairieSky Royalty from C$28.00 to C$29.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 15th.

PrairieSky Royalty Stock Performance

Shares of PSK traded down C$0.15 during trading hours on Friday, reaching C$24.09. 84,815 shares of the company's stock traded hands, compared to its average volume of 414,082. The business's fifty day simple moving average is C$23.82 and its two-hundred day simple moving average is C$24.37. PrairieSky Royalty has a twelve month low of C$21.97 and a twelve month high of C$30.66. The firm has a market capitalization of C$5.74 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.

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.