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

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$30.67.

Separately, National Bankshares increased their target price on shares of PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th.

PrairieSky Royalty Stock Down 0.5 %

Shares of TSE PSK traded down C$0.12 during mid-day trading on Friday, reaching C$25.73. The company had a trading volume of 512,932 shares, compared to its average volume of 321,438. 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 firm has a 50 day simple moving average of C$27.46 and a two-hundred day simple moving average of C$27.85. The stock has a market cap of C$6.14 billion, a P/E ratio of 28.50, a PEG ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 52-week low of C$24.02 and a 52-week high of C$30.66.

Insiders Place Their Bets

In other news, Senior Officer Andrew Phillips bought 4,436 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average price of C$28.60 per share, with a total value of C$126,884.68. 0.54% of the stock is currently owned by insiders.

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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.