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

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$31.57.

Several equities research analysts recently commented on the stock. TD Securities boosted their price objective on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. BMO Capital Markets boosted their price target on PrairieSky Royalty from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Raymond James Financial upgraded PrairieSky Royalty from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$30.00 to C$35.00 in a research note on Tuesday, December 9th. National Bank Financial lifted their price objective on PrairieSky Royalty from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Natl Bk Canada raised PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd.

PrairieSky Royalty Trading Up 0.0%

PSK opened at C$29.82 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48. PrairieSky Royalty has a 52 week low of C$21.97 and a 52 week high of C$30.69. The stock has a market cap of C$6.94 billion, a PE ratio of 34.28, a PEG ratio of 0.47 and a beta of 0.79. The business has a 50 day moving average of C$27.88 and a 200-day moving average of C$26.19.

Insider Buying and Selling

In other news, Director Margaret Anne Mckenzie bought 8,400 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was acquired at an average cost of C$29.92 per share, with a total value of C$251,328.00. Following the completion of the acquisition, the director owned 68,850 shares of the company’s stock, valued at approximately C$2,059,992. This represents a 13.90% increase in their ownership of the stock. Company insiders own 0.54% of the company’s stock.

About PrairieSky Royalty

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.