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

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$30.67.

Separately, National Bankshares upped their price target on PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th.

PrairieSky Royalty Trading Up 1.1 %

TSE PSK opened at C$26.60 on Friday. The stock has a 50-day simple moving average of C$27.59 and a 200 day simple moving average of C$27.87. The company has a market capitalization of C$6.34 billion, a PE ratio of 29.46, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48. PrairieSky Royalty has a 12 month low of C$24.00 and a 12 month high of C$30.66.

Insider Buying and Selling

In other news, Senior Officer Andrew Phillips bought 4,436 shares of the stock in a transaction on Tuesday, December 10th. The stock was purchased at an average price of C$28.60 per share, for a total transaction of C$126,884.68. 0.54% of the stock is owned by company insiders.

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.