PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$23.38 and traded as high as C$24.40. PrairieSky Royalty shares last traded at C$24.29, with a volume of 247,165 shares.
Wall Street Analyst Weigh In
Several research analysts have commented on PSK shares. Scotiabank raised PrairieSky Royalty to a "hold" rating in a research note on Wednesday, March 19th. 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 research note on Wednesday, April 9th. Finally, CIBC lowered their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$30.86.
Read Our Latest Research Report on PSK
PrairieSky Royalty Stock Performance
The company has a market capitalization of C$5.75 billion, a P/E ratio of 26.73, a PEG 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. The company has a fifty day moving average price of C$23.45 and a two-hundred day moving average price of C$25.76.
Insider Transactions at PrairieSky Royalty
In other news, Senior Officer Daniel James Bertram purchased 1,990 shares of PrairieSky Royalty stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of C$23.63 per share, for a total transaction of C$47,024.70. Also, Senior Officer Pamela Pearl Kazeil purchased 2,000 shares of PrairieSky Royalty stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average price of C$23.57 per share, for a total transaction of C$47,147.00. Over the last three months, insiders have bought 24,990 shares of company stock worth $591,699. Insiders own 0.54% of the company's stock.
PrairieSky Royalty Company Profile
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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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