Pamela Pearl Kazeil Buys 2,000 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Pamela Pearl Kazeil bought 2,000 shares of PrairieSky Royalty stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average price of C$23.57 per share, for a total transaction of C$47,147.00.

PrairieSky Royalty Trading Up 0.2 %

Shares of TSE:PSK traded up C$0.04 during mid-day trading on Tuesday, hitting C$23.53. The stock had a trading volume of 137,239 shares, compared to its average volume of 421,706. The company’s 50 day moving average is C$25.53 and its 200-day moving average is C$27.33. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63. The company has a market cap of C$5.61 billion, a PE ratio of 26.06, a P/E/G ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a 12-month low of C$21.97 and a 12-month high of C$30.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. CIBC lowered their price target on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. TD Securities upgraded PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$27.00 price objective for the company in a research report on Wednesday, April 9th. Scotiabank upgraded shares of PrairieSky Royalty to a “hold” rating in a research note on Wednesday, March 19th. Finally, National Bankshares upped their target price on shares of PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a 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, PrairieSky Royalty currently has a consensus rating of “Moderate Buy” and an average price target 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.