PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of “Moderate Buy” by Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$30.67.

A number of research analysts recently issued reports on the company. National Bankshares boosted their price target on PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Raymond James raised PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. BMO Capital Markets upped their target price on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 29th. TD Securities lifted their price target on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Finally, Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th.

Insider Activity

In related news, Senior Officer Andrew Phillips acquired 4,436 shares of PrairieSky Royalty stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of C$28.60 per share, with a total value of C$126,884.68. Company insiders own 0.54% of the company’s stock.

PrairieSky Royalty Price Performance

PSK stock opened at C$27.78 on Wednesday. The stock has a market capitalization of C$6.64 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 0.47 and a beta of 1.78. The firm’s 50-day moving average price is C$28.03 and its two-hundred day moving average price is C$27.93. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. PrairieSky Royalty has a 12-month low of C$21.69 and a 12-month high of C$30.66.

PrairieSky Royalty Company Profile

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.