Brokerages Set PrairieSky Royalty Ltd. (TSE:PSK) Price Target at C$30.67

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$30.67.

PSK has been the topic of several research reports. Scotiabank raised shares of PrairieSky Royalty to a “hold” rating in a research report on Wednesday, March 19th. 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 report on Thursday, January 30th.

PrairieSky Royalty Stock Performance

Shares of PSK opened at C$26.96 on Thursday. The company’s 50 day simple moving average is C$26.70 and its 200-day simple moving average is C$27.70. The firm has a market cap of C$6.43 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 12-month low of C$25.39 and a 12-month high of C$30.66. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 3.48.

PrairieSky Royalty Company Profile

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.