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 recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$30.80.

A number of brokerages have recently commented on PSK. TD Securities upped their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. National Bankshares lifted their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on shares of 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. Finally, Raymond James upgraded PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th.

PrairieSky Royalty Trading Down 1.8 %

TSE PSK opened at C$28.46 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$30.66. The company has a market capitalization of C$6.80 billion, a PE ratio of 29.65, a P/E/G ratio of 0.47 and a beta of 1.78. The stock has a 50-day simple moving average of C$28.76 and a 200 day simple moving average of C$27.57.

Insider Buying and Selling at PrairieSky Royalty

In related news, Senior Officer Daniel James Bertram acquired 7,670 shares of the firm’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. Also, Senior Officer Andrew Phillips acquired 4,436 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of C$28.60 per share, for a total transaction of C$126,884.68. Company insiders own 0.54% of the company’s stock.

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.