PrairieSky Royalty (TSE:PSK) Share Price Crosses Below 200 Day Moving Average - Here's Why

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.78 and traded as low as C$25.84. PrairieSky Royalty shares last traded at C$26.11, with a volume of 192,769 shares.

Wall Street Analysts Forecast Growth

Separately, National Bankshares raised their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$30.67.

PrairieSky Royalty Trading Down 0.8 %

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 market cap of C$6.27 billion, a PE ratio of 29.13, a P/E/G ratio of 0.47 and a beta of 1.78. The company's 50-day moving average is C$26.93 and its 200 day moving average is C$27.77.

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.