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

Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$30.67.

Several analysts have commented on PSK shares. Raymond James raised PrairieSky Royalty to a "hold" rating in a research note on Thursday, October 17th. Atb Cap Markets upgraded shares of PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. TD Securities upped their price objective on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research report on Tuesday, October 29th. BMO Capital Markets lifted their target price on shares of 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. Finally, National Bankshares increased their price target on shares of 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.

PrairieSky Royalty Price Performance

Shares of TSE:PSK opened at C$27.47 on Wednesday. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$30.66. The stock has a market capitalization of C$6.57 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 0.47 and a beta of 1.78. The company has a 50-day simple moving average of C$28.28 and a 200-day simple moving average of C$27.92. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Andrew Phillips purchased 4,436 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of C$28.60 per share, for a total transaction of C$126,884.68. Insiders own 0.54% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.