PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$23.49 and traded as high as C$23.65. PrairieSky Royalty shares last traded at C$23.57, with a volume of 541,116 shares.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. CIBC decreased their price objective on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a 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 report on Wednesday, April 9th. Finally, Scotiabank upgraded PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$30.83.
Check Out Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Price Performance
The firm has a market cap of C$5.62 billion, a PE ratio of 26.11, a PEG ratio of 0.47 and a beta of 1.78. The firm has a fifty day simple moving average of C$23.49 and a two-hundred day simple moving average of C$25.19. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63.
Insiders Place Their Bets
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 shares were purchased at an average price of C$23.63 per share, with a total value 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 cost of C$23.70 per share, for a total transaction of C$473,962.00. Insiders acquired 24,990 shares of company stock valued at $591,699 in the last three months. Corporate insiders own 0.54% of the company's stock.
About PrairieSky Royalty
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Get Free Report)
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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