Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$26.93 and traded as low as C$22.92. PrairieSky Royalty shares last traded at C$23.12, with a volume of 280,695 shares traded.
Analyst Upgrades and Downgrades
PSK has been the subject of several research reports. Scotiabank raised shares of PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. CIBC lowered their price objective on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. TD Securities raised shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price objective for the company in a research report on Wednesday, April 9th. Finally, National Bankshares increased their price objective on shares of 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. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$30.86.
Read Our Latest Analysis on PrairieSky Royalty
PrairieSky Royalty Trading Up 0.6%
The stock has a market cap of C$5.68 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 0.47 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48. The business's 50 day simple moving average is C$24.51 and its 200 day simple moving average is C$26.83.
Insider Buying and Selling at PrairieSky Royalty
In related news, Senior Officer Daniel James Bertram bought 1,990 shares of the business's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of C$23.63 per share, for a total transaction of C$47,024.70. Also, Senior Officer Andrew Phillips bought 20,000 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were bought at an average price of C$23.70 per share, with a total value of C$473,962.00. Insiders bought a total of 24,990 shares of company stock worth $591,699 over the last quarter. 0.54% of the stock is currently owned by insiders.
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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