Analysts Set PrairieSky Royalty Ltd. (TSE:PSK) Price Target at C$30.67

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$30.67.

Several equities analysts have recently commented on the company. BMO Capital Markets raised their price target on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 29th. TD Securities boosted their price target on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. National Bankshares increased their price objective on shares of PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Atb Cap Markets raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Raymond James raised PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th.

Insider Activity at PrairieSky Royalty

In related news, Senior Officer Andrew Phillips acquired 4,436 shares of the stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of C$28.60 per share, for a total transaction of C$126,884.68. 0.54% of the stock is currently owned by corporate insiders.

PrairieSky Royalty Stock Up 0.3 %

Shares of TSE PSK opened at C$27.23 on Wednesday. PrairieSky Royalty has a 52-week low of C$21.67 and a 52-week high of C$30.66. The firm has a market capitalization of C$6.51 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 0.47 and a beta of 1.78. The stock has a 50 day moving average price of C$28.08 and a 200 day moving average price of C$27.93. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30.

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.