PrairieSky Royalty Ltd. (TSE:PSK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$29.50.

PSK has been the subject of a number of recent research reports. Natl Bk Canada upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. National Bankshares raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$32.00 to C$33.00 in a report on Tuesday, October 21st. Raymond James Financial raised PrairieSky Royalty from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$30.00 to C$35.00 in a research note on Tuesday, December 9th. Finally, Scotiabank upped their price objective on shares of PrairieSky Royalty from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th.

PrairieSky Royalty Stock Down 0.7%

TSE PSK opened at C$27.20 on Monday. PrairieSky Royalty has a 12 month low of C$21.97 and a 12 month high of C$28.98. The company has a market capitalization of C$6.33 billion, a P/E ratio of 29.25, a PEG ratio of 0.47 and a beta of 0.68. The company’s 50 day simple moving average is C$26.51 and its 200 day simple moving average is C$25.11. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.

About PrairieSky Royalty

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.