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
(
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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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