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

PrairieSky Royalty Ltd. (TSE:PSK) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$31.57.

PSK has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on shares of PrairieSky Royalty from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. TD Securities boosted their price target on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Scotiabank upped their price target on PrairieSky Royalty from C$30.00 to C$31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 10th. Raymond James Financial upgraded PrairieSky Royalty from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$30.00 to C$35.00 in a report on Tuesday, December 9th. Finally, National Bank Financial boosted their target price on PrairieSky Royalty from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd.

Insider Transactions at PrairieSky Royalty

In related news, Director Margaret Anne Mckenzie acquired 8,400 shares of PrairieSky Royalty stock in a transaction on Wednesday, February 11th. The shares were bought at an average price of C$29.92 per share, for a total transaction of C$251,328.00. Following the completion of the purchase, the director directly owned 68,850 shares in the company, valued at C$2,059,992. This trade represents a 13.90% increase in their position. Corporate insiders own 0.54% of the company’s stock.

PrairieSky Royalty Trading Down 0.1%

Shares of PSK stock opened at C$30.39 on Tuesday. PrairieSky Royalty has a twelve month low of C$21.97 and a twelve month high of C$30.84. The company has a market capitalization of C$7.07 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 0.47 and a beta of 0.79. The firm has a 50-day moving average price of C$28.16 and a 200 day moving average price of C$26.43. 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 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. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.