PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Acquires C$473,962.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average cost of C$23.70 per share, for a total transaction of C$473,962.00.

PrairieSky Royalty Stock Performance

Shares of PrairieSky Royalty stock opened at C$23.49 on Friday. PrairieSky Royalty Ltd. has a 52 week low of C$21.97 and a 52 week high of C$30.66. The company has a market capitalization 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 stock’s fifty day moving average is C$25.61 and its two-hundred day moving average is C$27.36. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PSK shares. TD Securities upgraded PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$27.00 price target for the company in a research report on Wednesday, April 9th. Scotiabank upgraded PrairieSky Royalty to a “hold” rating in a report on Wednesday, March 19th. CIBC cut their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Finally, National Bankshares raised their price target on PrairieSky Royalty from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$30.75.

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.