Andrew Phillips Buys 4,436 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips purchased 4,436 shares of the stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of C$28.60 per share, for a total transaction of C$126,884.68.

PrairieSky Royalty Stock Down 1.9 %

PSK stock traded down C$0.56 during trading on Tuesday, hitting C$28.70. 309,323 shares of the company’s stock were exchanged, compared to its average volume of 356,339. PrairieSky Royalty Ltd. has a 52-week low of C$21.22 and a 52-week high of C$30.66. The stock has a market capitalization of C$6.86 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. The business has a 50-day moving average price of C$28.65 and a two-hundred day moving average price of C$27.47.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. National Bankshares raised their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Raymond James upgraded shares of PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. TD Securities upped their price objective on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets boosted their target price on PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 29th. Six 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$30.80.

About PrairieSky Royalty

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.