PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$23.69 and traded as high as C$24.03. PrairieSky Royalty shares last traded at C$23.48, with a volume of 283,441 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms recently commented on PSK. Canaccord Genuity Group dropped 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 upped their target price 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. Four investment 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$29.86.
Get Our Latest Analysis on PrairieSky Royalty
PrairieSky Royalty Stock Performance
The firm has a fifty day simple moving average of C$23.75 and a 200-day simple moving average of C$24.64. 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 stock has a market cap of C$5.69 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 0.47 and a beta of 1.78.
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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