PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of “Moderate Buy” by Brokerages

PrairieSky Royalty Ltd. (TSE:PSK) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$29.50.

Several research analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of PrairieSky Royalty from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Natl Bk Canada raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. National Bankshares upgraded shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$32.00 to C$33.00 in a report on Tuesday, October 21st. Finally, Raymond James Financial raised shares of PrairieSky Royalty from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$30.00 to C$35.00 in a research note on Tuesday, December 9th.

PrairieSky Royalty Stock Performance

TSE PSK opened at C$27.06 on Monday. The business’s 50-day moving average price is C$26.70 and its 200 day moving average price is C$25.20. 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 has a twelve month low of C$21.97 and a twelve month high of C$28.98. The company has a market capitalization of C$6.30 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 0.47 and a beta of 0.68.

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.