Insider Buying: PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Purchases C$47,024.70 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Daniel James Bertram purchased 1,990 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of C$23.63 per share, for a total transaction of C$47,024.70.

PrairieSky Royalty Stock Up 0.6%

PrairieSky Royalty stock opened at C$23.93 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48. PrairieSky Royalty Ltd. has a 12-month low of C$21.97 and a 12-month high of C$30.66. The firm’s fifty day moving average is C$24.43 and its 200 day moving average is C$26.78. The company has a market capitalization of C$5.71 billion, a PE ratio of 26.51, a PEG ratio of 0.47 and a beta of 1.78.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PSK. TD Securities upgraded shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$27.00 price target on the stock in a research report on Wednesday, April 9th. National Bankshares boosted their price target on shares of 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. Scotiabank upgraded shares of PrairieSky Royalty to a “hold” rating in a research report on Wednesday, March 19th. Finally, CIBC dropped their target price on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, PrairieSky Royalty currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.86.

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.