PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Director Anuroop Duggal purchased 1,000 shares of PrairieSky Royalty stock in a transaction on Thursday, April 17th. The shares were acquired at an average cost of C$23.57 per share, for a total transaction of C$23,565.00.
PrairieSky Royalty Stock Down 1.0 %
PSK opened at C$23.49 on Friday. The company has a market cap of C$5.60 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63. PrairieSky Royalty Ltd. has a 1 year low of C$21.97 and a 1 year high of C$30.66. The firm has a 50 day moving average price of C$25.69 and a 200 day moving average price of C$27.39.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. TD Securities upgraded PrairieSky Royalty from a "hold" rating to a "buy" rating and set a C$27.00 target price for the company in a research note on Wednesday, April 9th. National Bankshares upped 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. Scotiabank raised shares of PrairieSky Royalty to a "hold" rating in a research report on Wednesday, March 19th. Finally, CIBC dropped their price target on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, PrairieSky Royalty currently has a consensus rating of "Moderate Buy" and a consensus target price of C$30.75.
Read Our Latest Report on PrairieSky Royalty
About PrairieSky Royalty
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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.
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