Brokerages Set PrairieSky Royalty Ltd. (TSE:PSK) Target Price at C$30.75

Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$30.86.

A number of brokerages have recently commented on PSK. TD Securities raised PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price objective on the stock in a report on Wednesday, April 9th. CIBC dropped their price target on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. National Bankshares boosted their price objective 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. Finally, Scotiabank upgraded shares of PrairieSky Royalty to a "hold" rating in a research note on Wednesday, March 19th.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Pamela Pearl Kazeil acquired 2,000 shares of PrairieSky Royalty stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of C$23.57 per share, with a total value of C$47,147.00. Also, Senior Officer Andrew Phillips purchased 20,000 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was acquired at an average cost of C$23.70 per share, with a total value of C$473,962.00. Insiders have bought a total of 23,000 shares of company stock valued at $544,674 over the last three months. 0.54% of the stock is owned by corporate insiders.

PrairieSky Royalty Stock Down 0.3 %

PrairieSky Royalty stock traded down C$0.07 during mid-day trading on Monday, hitting C$23.58. 184,858 shares of the company's stock were exchanged, compared to its average volume of 425,856. PrairieSky Royalty has a 1-year low of C$21.97 and a 1-year high of C$30.66. The stock has a 50 day moving average of C$25.39 and a two-hundred day moving average of C$27.28. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48. The stock has a market cap of C$5.62 billion, a P/E ratio of 26.12, a P/E/G ratio of 0.47 and a beta of 1.78.

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.