PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$27.86 and traded as low as C$25.93. PrairieSky Royalty shares last traded at C$26.60, with a volume of 672,211 shares changing hands.
Wall Street Analyst Weigh In
Separately, National Bankshares lifted their target price on 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. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$30.67.
Read Our Latest Stock Analysis on PSK
PrairieSky Royalty Price Performance
The company has a market cap of C$6.14 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The stock has a fifty day moving average price of C$27.51 and a 200-day moving average price of C$27.85. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.
Insider Buying and Selling at PrairieSky Royalty
In related news, Senior Officer Andrew Phillips bought 4,436 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of C$28.60 per share, with a total value of C$126,884.68. Company insiders own 0.54% of the company's stock.
PrairieSky Royalty Company Profile
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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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