PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$30.80.

A number of research analysts have issued reports on PSK shares. TD Securities lifted 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. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th. National Bankshares increased their price objective on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Atb Cap Markets raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets increased their price target on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 29th.

Insider Buying and Selling

In other news, Senior Officer Andrew Phillips bought 4,436 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired 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 business’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of C$28.20 per share, for a total transaction of C$216,290.93. 0.54% of the stock is owned by corporate insiders.

PrairieSky Royalty Trading Down 0.5 %

Shares of PSK opened at C$26.93 on Tuesday. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. PrairieSky Royalty has a 52-week low of C$21.22 and a 52-week high of C$30.66. The firm has a market cap of C$6.44 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 0.47 and a beta of 1.78. The business’s fifty day moving average is C$28.68 and its 200-day moving average is C$27.62.

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.