PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Pamela Pearl Kazeil purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average price of C$23.57 per share, for a total transaction of C$47,147.00.
PrairieSky Royalty Price Performance
Shares of PSK traded up C$0.16 during mid-day trading on Friday, reaching C$23.80. The company had a trading volume of 98,635 shares, compared to its average volume of 423,380. The company has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63. The company's 50 day simple moving average is C$25.32 and its 200 day simple moving average is C$27.25. PrairieSky Royalty Ltd. has a 1-year low of C$21.97 and a 1-year high of C$30.66.
Analyst Upgrades and Downgrades
PSK has been the subject of several analyst reports. National Bankshares lifted their price objective on PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a "sector perform" rating in a report on Thursday, January 30th. Scotiabank raised PrairieSky Royalty to a "hold" rating in a research note on Wednesday, March 19th. CIBC cut their price objective on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Finally, TD Securities raised shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 target price on the stock in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$30.86.
View Our Latest Stock Analysis on PSK
PrairieSky Royalty Company Profile
(
Get Free Report)
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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