PrairieSky Royalty Ltd. (TSE:PSK) Director Anuroop Duggal Purchases 1,000 Shares of Stock

PrairieSky Royalty Ltd. (TSE:PSK) Director Anuroop Duggal purchased 1,000 shares of the stock in a transaction dated Thursday, April 17th. The shares were bought at an average cost of C$23.57 per share, for a total transaction of C$23,565.00.

PrairieSky Royalty Stock Performance

PrairieSky Royalty stock opened at C$23.49 on Friday. PrairieSky Royalty Ltd. has a fifty-two week low of C$21.97 and a fifty-two week high of C$30.66. The company has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 0.47 and a beta of 1.78. The stock has a fifty day moving average of C$25.69 and a two-hundred day moving average of C$27.39. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63.

Wall Street Analyst Weigh In

A number of analysts recently commented on PSK shares. Scotiabank raised shares of PrairieSky Royalty to a “hold” rating in a report on Wednesday, March 19th. TD Securities raised PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$27.00 price target on the stock in a research note on Wednesday, April 9th. National Bankshares raised their price objective on PrairieSky Royalty from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Finally, CIBC decreased their target price on PrairieSky Royalty from C$31.50 to C$28.00 in a research report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.