Free Trial

PrairieSky Royalty (TSE:PSK) Stock Price Passes Below 200-Day Moving Average - What's Next?

PrairieSky Royalty logo with Energy background

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) crossed 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 traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PSK. National Bankshares upped their target price on PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. CIBC decreased their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. TD Securities upgraded PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Scotiabank upgraded 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$30.86.

Check Out Our Latest Analysis on PSK

PrairieSky Royalty Stock Up 0.2%

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 firm has a market cap of C$5.45 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The firm has a 50 day moving average price of C$23.87 and a 200-day moving average price of C$26.44.

Insider Activity at PrairieSky Royalty

In related news, Senior Officer Andrew Phillips bought 20,000 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were purchased at an average cost of C$23.70 per share, with a total value of C$473,962.00. Also, Senior Officer Pamela Pearl Kazeil bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average cost of C$23.57 per share, with a total value of C$47,147.00. Over the last ninety days, insiders purchased 24,990 shares of company stock valued at $591,699. Insiders own 0.54% of the company's stock.

About PrairieSky Royalty

(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.

Featured 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

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

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