PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Purchases C$47,024.70 in Stock

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Daniel James Bertram bought 1,990 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of C$23.63 per share, for a total transaction of C$47,024.70.

PrairieSky Royalty Stock Down 0.1%

PSK stock traded down C$0.02 during midday trading on Friday, hitting C$23.58. The company's stock had a trading volume of 487,843 shares, compared to its average volume of 427,973. The company has a market cap of C$5.62 billion, a PE ratio of 26.12, a P/E/G ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a 12 month low of C$21.97 and a 12 month high of C$30.66. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48. The firm's 50-day moving average is C$24.34 and its 200-day moving average is C$26.73.

Analyst Upgrades and Downgrades

PSK has been the topic of several research reports. TD Securities raised shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price objective on the stock in a research note on Wednesday, April 9th. National Bankshares boosted their price target on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. CIBC reduced their price objective on PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Finally, Scotiabank raised PrairieSky Royalty to a "hold" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, PrairieSky Royalty has an average rating of "Moderate Buy" and an average price target of C$30.86.

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.