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

PrairieSky Royalty Ltd. (TSE:PSK) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$30.67.

Several equities research analysts have issued reports on the company. BMO Capital Markets increased 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. National Bankshares increased their price objective on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Atb Cap Markets raised PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th. Finally, TD Securities boosted their price objective on shares of 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.

Insider Transactions at PrairieSky Royalty

In related news, Senior Officer Andrew Phillips bought 4,436 shares of the stock in a transaction dated 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 Stock Performance

Shares of PSK stock opened at C$27.78 on Wednesday. The firm’s 50 day moving average is C$28.03 and its 200 day moving average is C$27.93. The stock has a market capitalization of C$6.64 billion, a P/E ratio of 28.94, a PEG ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 12 month low of C$21.69 and a 12 month high of C$30.66. 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 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.