Brokerages Set PrairieSky Royalty Ltd. (TSE:PSK) PT at C$30.80

PrairieSky Royalty Ltd. (TSE:PSK) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$30.80.

A number of brokerages have issued reports on PSK. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Atb Cap Markets raised PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. National Bankshares increased their price target on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Finally, TD Securities raised their target price on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th.

PrairieSky Royalty Stock Performance

TSE PSK opened at C$27.06 on Tuesday. The company has a fifty day moving average price of C$28.71 and a 200-day moving average price of C$27.60. The firm has a market cap of C$6.47 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$30.66.

Insider Activity

In related news, Senior Officer Andrew Phillips purchased 4,436 shares of PrairieSky Royalty stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of C$28.60 per share, for a total transaction of C$126,884.68. Also, Senior Officer Daniel James Bertram acquired 7,670 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of C$28.20 per share, for a total transaction of C$216,290.93. Insiders own 0.54% of the company’s stock.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.