PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Acquires C$47,147.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Pamela Pearl Kazeil purchased 2,000 shares of PrairieSky Royalty stock in a transaction that occurred on Tuesday, April 22nd. The shares were acquired at an average price of C$23.57 per share, with a total value of C$47,147.00.

PrairieSky Royalty Stock Up 0.4 %

TSE PSK traded up C$0.09 during trading on Friday, reaching C$23.73. 437,459 shares of the company's stock traded hands, compared to its average volume of 428,489. PrairieSky Royalty Ltd. has a 12-month low of C$21.97 and a 12-month high of C$30.66. The company's 50 day simple moving average is C$25.24 and its two-hundred day simple moving average is C$27.22. The firm has a market cap of C$5.66 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Securities raised PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 target price for the company in a report on Wednesday, April 9th. CIBC cut their price target on PrairieSky Royalty from C$31.50 to C$28.00 in a research note on Thursday, April 10th. National Bankshares boosted their price objective 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. 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 assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.