PrairieSky Royalty Ltd. (TSE:PSK) Receives C$30.67 Average Target Price from Brokerages

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

Separately, National Bankshares raised their target price 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.

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$25.93 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48. The firm has a 50-day moving average price of C$27.38 and a two-hundred day moving average price of C$27.84. PrairieSky Royalty has a twelve month low of C$24.02 and a twelve month high of C$30.66. The company has a market capitalization of C$6.18 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78.

Insider Transactions at PrairieSky Royalty

In related news, Senior Officer Andrew Phillips bought 4,436 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of C$28.60 per share, with a total value of C$126,884.68. Insiders own 0.54% of the company’s stock.

PrairieSky Royalty Company Profile

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.