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

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

Several research analysts have recently commented on the company. TD Securities lifted their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. BMO Capital Markets lifted their target price on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 29th. National Bankshares increased their price target 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 report on Tuesday, October 15th. Finally, Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th.

PrairieSky Royalty Price Performance

TSE:PSK opened at C$28.35 on Friday. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$30.66. The stock has a market cap of C$6.78 billion, a PE ratio of 29.53, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. The stock has a 50 day moving average price of C$28.72 and a 200 day moving average price of C$27.79.

Insider Buying and Selling

In related news, Senior Officer Daniel James Bertram bought 7,670 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of C$28.20 per share, with a total value of C$216,290.93. Also, Senior Officer Andrew Phillips acquired 4,436 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was bought 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 owned by corporate insiders.

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.