PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as C$23.54 and last traded at C$23.81, with a volume of 384968 shares traded. The stock had previously closed at C$25.79.
Analyst Ratings Changes
A number of research analysts have commented on the stock. TD Securities upgraded shares of PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 price objective on the stock in a research note on Wednesday. Scotiabank upgraded PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. Finally, National Bankshares increased their price objective on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, PrairieSky Royalty currently has an average rating of "Moderate Buy" and a consensus price target of C$30.78.
Read Our Latest Research Report on PSK
PrairieSky Royalty Price Performance
The stock has a market cap of C$5.79 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 0.47 and a beta of 1.78. The company's 50 day moving average is C$26.31 and its 200 day moving average is C$27.61. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.
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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