Brokerages Set PrairieSky Royalty Ltd. (TSE:PSK) Target Price at C$30.67

PrairieSky Royalty Ltd. (TSE:PSK) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat reports. Six 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 12 month price target among brokers that have issued ratings on the stock in the last year is C$30.67.

Several research firms have recently weighed in on PSK. Atb Cap Markets raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. BMO Capital Markets lifted 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 report on Tuesday, October 29th. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. TD Securities lifted 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. Finally, National Bankshares increased their price target on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th.

Insider Buying and Selling at PrairieSky Royalty

In other PrairieSky Royalty news, Senior Officer Andrew Phillips bought 4,436 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average price of C$28.60 per share, with a total value of C$126,884.68. Insiders own 0.54% of the company’s stock.

PrairieSky Royalty Stock Up 0.3 %

PrairieSky Royalty stock opened at C$27.23 on Wednesday. PrairieSky Royalty has a 52 week low of C$21.67 and a 52 week high of C$30.66. The firm has a market cap of C$6.51 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The business’s 50-day moving average price is C$28.08 and its 200 day moving average price is C$27.93. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40.

PrairieSky Royalty Company Profile

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.