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

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

PSK has been the subject of a number of recent analyst reports. National Bankshares increased their price objective on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Scotiabank upgraded PrairieSky Royalty to a “hold” rating in a research report on Wednesday, March 19th.

PrairieSky Royalty Stock Up 0.6 %

Shares of PrairieSky Royalty stock opened at C$26.37 on Thursday. The stock has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a twelve month low of C$25.39 and a twelve month high of C$30.66. 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 business’s 50 day simple moving average is C$26.84 and its 200-day simple moving average is C$27.75.

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.