PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Andrew Phillips purchased 20,000 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was acquired at an average cost of C$23.70 per share, for a total transaction of C$473,962.00.
PrairieSky Royalty Stock Down 1.0 %
Shares of PSK traded down C$0.23 during trading on Friday, reaching C$23.49. The company's stock had a trading volume of 860,066 shares, compared to its average volume of 423,187. PrairieSky Royalty Ltd. has a twelve month low of C$21.97 and a twelve month high of C$30.66. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48. The company has a market cap of C$5.60 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a fifty day moving average of C$25.61 and a two-hundred day moving average of C$27.36.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on PSK. Scotiabank raised PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. TD Securities upgraded shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price target on the stock in a report on Wednesday, April 9th. 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, CIBC reduced their target price on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, PrairieSky Royalty has a consensus rating of "Moderate Buy" and an average target price of C$30.75.
Check Out Our Latest Stock Report on PSK
About PrairieSky Royalty
(
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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.
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