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

PrairieSky Royalty Ltd. (TSE:PSK) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$30.67.

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

Insider Activity at PrairieSky Royalty

In related news, Senior Officer Andrew Phillips purchased 4,436 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased 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 Stock Up 1.1 %

Shares of TSE PSK opened at C$27.47 on Wednesday. The firm’s 50 day moving average price is C$28.28 and its 200 day moving average price is C$27.92. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. The firm has a market cap of C$6.57 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$30.66.

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.