Analysts Set PrairieSky Royalty Ltd. (TSE:PSK) Price Target at C$32.25

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$32.25.

A number of equities research analysts have recently weighed in on PSK shares. 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 report on Tuesday, February 10th. Scotiabank boosted their price target on PrairieSky Royalty from C$30.00 to C$31.00 and gave the company a “sector perform” rating in a report on Tuesday, February 10th. National Bank Financial boosted their price target on PrairieSky Royalty from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Raymond James Financial lowered PrairieSky Royalty from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$35.00 to C$35.50 in a research report on Monday, March 30th. Finally, Roth Mkm upgraded PrairieSky Royalty to a “strong-buy” rating in a research report on Thursday, April 30th.

Insider Transactions at PrairieSky Royalty

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

PrairieSky Royalty Price Performance

Shares of TSE PSK opened at C$33.14 on Friday. PrairieSky Royalty has a twelve month low of C$22.38 and a twelve month high of C$34.65. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 9.36. The company has a market capitalization of C$7.70 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 0.47 and a beta of 0.57. The business has a 50 day simple moving average of C$32.08 and a 200-day simple moving average of C$29.05.

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.