PrairieSky Royalty Ltd. (TSE:PSK) Receives Average Rating of "Moderate Buy" from Analysts

Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, Marketbeat.com reports. Six 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 12 month price objective among brokers that have covered the stock in the last year is C$30.80.

Several analysts recently issued reports on the stock. TD Securities upped 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. National Bankshares upped their price target on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price target 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. Raymond James raised PrairieSky Royalty to a "hold" rating in a research note on Thursday, October 17th. Finally, 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 report on Tuesday, September 17th.

PrairieSky Royalty Price Performance

Shares of PrairieSky Royalty stock traded down C$0.41 during trading hours on Tuesday, reaching C$28.05. 244,557 shares of the company's stock were exchanged, compared to its average volume of 355,387. The business has a fifty day moving average of C$28.76 and a two-hundred day moving average of C$27.58. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The company has a market capitalization of C$6.70 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$30.66.

Insider Activity

In related news, Senior Officer Daniel James Bertram purchased 7,670 shares of PrairieSky Royalty stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of C$28.20 per share, with a total value of C$216,290.93. Also, Senior Officer Andrew Phillips acquired 4,436 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$28.60 per share, for a total transaction of C$126,884.68. Corporate insiders own 0.54% of the company's stock.

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.