PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Daniel James Bertram Purchases 1,990 Shares

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Daniel James Bertram purchased 1,990 shares of the business’s stock in a transaction on Monday, May 12th. The shares were bought at an average price of C$23.63 per share, for a total transaction of C$47,024.70.

PrairieSky Royalty Price Performance

Shares of PSK stock traded up C$0.52 during trading hours on Monday, reaching C$23.66. The company’s stock had a trading volume of 603,618 shares, compared to its average volume of 425,541. The firm’s 50 day simple moving average is C$24.55 and its 200-day simple moving average is C$26.87. The company has a market capitalization of C$5.64 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a fifty-two week low of C$21.97 and a fifty-two week high of C$30.66. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48.

Analysts Set New Price Targets

PSK has been the subject of a number of analyst reports. CIBC cut their price target on PrairieSky Royalty from C$31.50 to C$28.00 in a report on Thursday, April 10th. National Bankshares lifted their target price 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. Scotiabank raised PrairieSky Royalty to a “hold” rating in a report on Wednesday, March 19th. Finally, TD Securities raised PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$27.00 target price for the company in a report on Wednesday, April 9th. Three equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.86.

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.