Free Trial

PrairieSky Royalty (TSE:PSK) Shares Cross Below 200 Day Moving Average - Here's Why

PrairieSky Royalty logo with Energy background

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$26.57 and traded as low as C$22.76. PrairieSky Royalty shares last traded at C$23.08, with a volume of 390,962 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PSK shares. National Bankshares boosted 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 note on Thursday, January 30th. TD Securities raised shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price target on the stock in a report on Wednesday, April 9th. CIBC decreased their price objective on PrairieSky Royalty from C$31.50 to C$28.00 in a report on Thursday, April 10th. Finally, Scotiabank raised PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$30.86.

Get Our Latest Stock Analysis on PrairieSky Royalty

PrairieSky Royalty Price Performance

The stock's 50 day simple moving average is C$24.01 and its 200-day simple moving average is C$26.53. The firm has a market cap of C$5.47 billion, a price-to-earnings ratio of 25.41, 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 quick ratio of 0.65 and a current ratio of 0.63.

Insider Activity

In other news, Senior Officer Andrew Phillips bought 20,000 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were purchased at an average price of C$23.70 per share, for a total transaction of C$473,962.00. Also, Senior Officer Daniel James Bertram purchased 1,990 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of C$23.63 per share, for a total transaction of C$47,024.70. Insiders have purchased 24,990 shares of company stock valued at $591,699 over the last ninety days. 0.54% of the stock is currently owned by insiders.

PrairieSky Royalty Company Profile

(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.

Recommended Stories

Should You Invest $1,000 in PrairieSky Royalty Right Now?

Before you consider PrairieSky Royalty, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PrairieSky Royalty wasn't on the list.

While PrairieSky Royalty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Free Today: Your Guide to Smarter Options Trades Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines