Andrew Phillips Acquires 4,436 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips bought 4,436 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of C$28.60 per share, for a total transaction of C$126,884.68.

PrairieSky Royalty Stock Down 1.9 %

Shares of TSE:PSK traded down C$0.56 on Tuesday, hitting C$28.70. 309,323 shares of the company traded hands, compared to its average volume of 356,339. The company has a market cap of C$6.86 billion, a PE ratio of 30.48, a PEG ratio of 0.47 and a beta of 1.78. The stock has a 50 day simple moving average of C$28.65 and a 200-day simple moving average of C$27.47. PrairieSky Royalty Ltd. has a 52 week low of C$21.22 and a 52 week high of C$30.66. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40.

Analyst Upgrades and Downgrades

Several research analysts have commented on PSK shares. National Bankshares upped their target price on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. TD Securities raised their target price on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Raymond James raised PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets increased their price objective on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, PrairieSky Royalty has an average rating of “Moderate Buy” and an average price target of C$30.80.

About PrairieSky Royalty

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.