PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$23.47 and traded as high as C$23.94. PrairieSky Royalty shares last traded at C$23.67, with a volume of 110,568 shares trading hands.
Analysts Set New Price Targets
PSK has been the subject of several research reports. CIBC lowered their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research note on Thursday, April 10th. Scotiabank upgraded PrairieSky Royalty to a "hold" rating in a report on Wednesday, March 19th. Finally, TD Securities upgraded 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. Three investment 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$30.86.
Read Our Latest Stock Analysis on PSK
PrairieSky Royalty Stock Performance
The company has a market capitalization of C$5.61 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 0.47 and a beta of 1.78. The stock has a 50-day moving average price of C$23.46 and a 200-day moving average price of C$25.34. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.
Insider Transactions at PrairieSky Royalty
In other news, Senior Officer Pamela Pearl Kazeil bought 2,000 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of C$23.57 per share, for a total transaction of C$47,147.00. Also, Senior Officer Andrew Phillips bought 20,000 shares of the stock in a transaction dated 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. Over the last quarter, insiders have bought 24,990 shares of company stock worth $591,699. Company insiders own 0.54% of the company's stock.
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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