PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Acquires C$101,536.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips purchased 3,800 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was acquired at an average price of C$26.72 per share, with a total value of C$101,536.00.

PrairieSky Royalty Trading Up 0.4 %

TSE PSK opened at C$26.97 on Friday. PrairieSky Royalty Ltd. has a 52-week low of C$20.69 and a 52-week high of C$28.42. The firm has a 50-day moving average price of C$25.98 and a 200 day moving average price of C$24.46. The stock has a market capitalization of C$6.45 billion, a P/E ratio of 28.39, a P/E/G ratio of 0.47 and a beta of 1.81. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 6.80.

PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings results on Monday, February 12th. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.06. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. The business had revenue of C$136.60 million during the quarter. Equities research analysts expect that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current year.

PrairieSky Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.71%. PrairieSky Royalty’s dividend payout ratio is 105.26%.

Analysts Set New Price Targets

PSK has been the subject of a number of recent research reports. Raymond James decreased their price target on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. ATB Capital upped their price objective on PrairieSky Royalty from C$27.00 to C$28.50 in a research report on Tuesday. National Bankshares raised their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Canaccord Genuity Group upped their price target on PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets boosted their target price on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$27.30.

PrairieSky Royalty Company Profile

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.