Brokerages Set PrairieSky Royalty Ltd. (TSE:PSK) Price Target at C$30.80

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

Several brokerages recently commented on PSK. Raymond James upgraded shares of PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. BMO Capital Markets boosted their price target on 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. Atb Cap Markets raised PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. National Bankshares boosted their target price on 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. Finally, TD Securities raised their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th.

PrairieSky Royalty Price Performance

PrairieSky Royalty stock opened at C$27.60 on Friday. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$30.66. The company has a market cap of C$6.60 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The business has a fifty day moving average of C$28.71 and a two-hundred day moving average of C$27.83.

Insider Activity

In other PrairieSky Royalty news, Senior Officer Andrew Phillips purchased 4,436 shares of the business’s stock in a transaction on 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. Also, Senior Officer Daniel James Bertram acquired 7,670 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of C$28.20 per share, for a total transaction of C$216,290.93. Company insiders own 0.54% of the company’s stock.

About PrairieSky Royalty

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.