PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$27.70 and traded as low as C$25.73. PrairieSky Royalty shares last traded at C$25.79, with a volume of 861,430 shares trading hands.
Wall Street Analysts Forecast Growth
PSK has been the subject of several research reports. Scotiabank upgraded shares of PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. National Bankshares increased their price target on shares of 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. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$30.67.
Get Our Latest Stock Analysis on PSK
PrairieSky Royalty Stock Performance
The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65. The stock has a market capitalization of C$5.34 billion, a PE ratio of 24.81, a P/E/G ratio of 0.47 and a beta of 1.78. The firm has a fifty day moving average price of C$26.31 and a two-hundred day moving average price of C$27.61.
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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