Anuroop Duggal Purchases 1,000 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Director Anuroop Duggal purchased 1,000 shares of PrairieSky Royalty stock in a transaction that occurred on Thursday, April 17th. The shares were bought at an average price of C$23.57 per share, for a total transaction of C$23,565.00.

PrairieSky Royalty Price Performance

Shares of PSK opened at C$23.49 on Friday. The stock has a market cap of C$5.60 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a 1 year low of C$21.97 and a 1 year high of C$30.66. The stock’s 50-day moving average price is C$25.61 and its two-hundred day moving average price is C$27.36. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. National Bankshares boosted their target price on shares of PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. CIBC dropped their price objective on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Scotiabank upgraded PrairieSky Royalty to a “hold” rating in a research 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 target price for the company in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$30.75.

About PrairieSky Royalty

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.