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

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$30.67.

PSK has been the topic of several research reports. National Bankshares raised their target price on shares of 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. Scotiabank raised PrairieSky Royalty to a “hold” rating in a report on Wednesday, March 19th.

PrairieSky Royalty Stock Performance

Shares of TSE PSK opened at C$26.16 on Thursday. The firm’s 50-day moving average price is C$26.78 and its 200-day moving average price is C$27.73. PrairieSky Royalty has a 52-week low of C$25.39 and a 52-week high of C$30.66. The company has a market cap of C$6.24 billion, a PE ratio of 28.98, a PEG ratio of 0.47 and a beta of 1.78. 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 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.