PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Andrew Phillips purchased 4,436 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of C$28.60 per share, for a total transaction of C$126,884.68.
PrairieSky Royalty Price Performance
Shares of TSE PSK opened at C$28.70 on Wednesday. The business's 50 day moving average price is C$28.65 and its 200 day moving average price is C$27.47. The firm has a market cap of C$6.86 billion, a P/E ratio of 29.90, a P/E/G ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a 52 week low of C$21.22 and a 52 week high of C$30.66. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40.
Wall Street Analysts Forecast Growth
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. Atb Cap Markets raised PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. TD Securities raised their price objective on PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a "hold" rating in a research report on Tuesday, October 29th. Finally, National Bankshares raised their price objective on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$30.80.
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View Our Latest Analysis on PrairieSky Royalty
PrairieSky Royalty Company Profile
(
Get Free Report)
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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