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

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$30.80.

PSK has been the topic of several recent research reports. BMO Capital Markets raised their target price on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 29th. Raymond James upgraded PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Atb Cap Markets raised PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, TD Securities boosted their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th.

PrairieSky Royalty Stock Down 1.8 %

PSK stock opened at C$28.46 on Tuesday. PrairieSky Royalty has a fifty-two week low of C$21.22 and a fifty-two week high of C$30.66. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The stock has a market capitalization of C$6.80 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 0.47 and a beta of 1.78. The business’s fifty day moving average price is C$28.76 and its two-hundred day moving average price is C$27.57.

Insider Buying and Selling

In related news, Senior Officer Andrew Phillips bought 4,436 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of C$28.60 per share, for a total transaction of C$126,884.68. Also, Senior Officer Daniel James Bertram bought 7,670 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of C$28.20 per share, for a total transaction of C$216,290.93. 0.54% of the stock is owned by corporate insiders.

PrairieSky Royalty Company Profile

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.