PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Pamela Pearl Kazeil Purchases 2,000 Shares

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

PrairieSky Royalty Price Performance

Shares of TSE PSK traded up C$0.04 during mid-day trading on Tuesday, reaching C$23.53. 137,239 shares of the company were exchanged, compared to its average volume of 421,706. The company’s 50 day moving average price is C$25.53 and its 200 day moving average price is C$27.33. 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 52 week low of C$21.97 and a 52 week high of C$30.66. The stock has a market capitalization of C$5.61 billion, a PE ratio of 26.06, a PEG ratio of 0.47 and a beta of 1.78.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PSK shares. Scotiabank upgraded shares of PrairieSky Royalty to a “hold” rating in a report on Wednesday, March 19th. TD Securities upgraded shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$27.00 target price on the stock in a research report on Wednesday, April 9th. National Bankshares lifted 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. Finally, CIBC decreased their price target on shares of PrairieSky Royalty from C$31.50 to C$28.00 in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$30.75.

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.