PrairieSky Royalty Ltd. (TSE:PSK) Receives C$30.80 Consensus Price Target from Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$30.80.

Several brokerages have recently weighed in on PSK. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. National Bankshares boosted their price objective on PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. BMO Capital Markets boosted their price target 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, TD Securities raised their price objective on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th.

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$27.77 on Tuesday. PrairieSky Royalty has a twelve month low of C$21.22 and a twelve month high of C$30.66. The company has a market cap of C$6.64 billion, a P/E ratio of 28.93, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. The company’s 50-day moving average price is C$28.68 and its 200-day moving average price is C$27.62.

Insider Activity at PrairieSky Royalty

In other news, Senior Officer Andrew Phillips bought 4,436 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of C$28.60 per share, with a total value of C$126,884.68. Also, Senior Officer Daniel James Bertram purchased 7,670 shares of PrairieSky Royalty stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of C$28.20 per share, for a total transaction of C$216,290.93. 0.54% of the stock is owned by 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.