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

PrairieSky Royalty Ltd. (TSE:PSK) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$30.67.

Separately, National Bankshares lifted 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.

Insider Buying and Selling

In other 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. 0.54% of the stock is currently owned by insiders.

PrairieSky Royalty Trading Up 0.5 %

Shares of PSK stock opened at C$25.93 on Friday. PrairieSky Royalty has a fifty-two week low of C$24.02 and a fifty-two week high of C$30.66. The firm’s 50 day moving average price is C$27.38 and its two-hundred day moving average price is C$27.84. The stock has a market cap of C$6.18 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48.

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.