PrairieSky Royalty Ltd. (TSE:PSK) Receives Consensus Rating of “Moderate Buy” from Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$30.80.

A number of brokerages recently issued reports on PSK. National Bankshares upped their target price 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. BMO Capital Markets raised their target price on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 29th. Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Finally, TD Securities lifted their price objective on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th.

PrairieSky Royalty Price Performance

Shares of TSE:PSK opened at C$28.35 on Friday. 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 12 month low of C$21.22 and a 12 month high of C$30.66. The firm has a market capitalization of C$6.78 billion, a P/E ratio of 29.53, a P/E/G ratio of 0.47 and a beta of 1.78. The company’s fifty day moving average price is C$28.72 and its 200 day moving average price is C$27.79.

Insiders Place Their Bets

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

About PrairieSky Royalty

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.