PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) Senior Officer Andrew Phillips bought 4,436 shares of the stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of C$28.60 per share, with a total value of C$126,884.68.
PrairieSky Royalty Stock Performance
PSK stock opened at C$28.70 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The business’s fifty day simple moving average is C$28.65 and its two-hundred day simple moving average is C$27.47. PrairieSky Royalty Ltd. has a twelve month low of C$21.22 and a twelve month high of C$30.66. The firm has a market cap of C$6.86 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 0.47 and a beta of 1.78.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on PSK shares. Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. National Bankshares increased their price target on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. TD Securities increased their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets increased their price target on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, PrairieSky Royalty currently has an average rating of “Moderate Buy” and a consensus target price of C$30.80.
About PrairieSky Royalty
PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.
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