PrairieSky Royalty (TSE:PSK) Insider Andrew Phillips Purchases 6,300 Shares of Stock

PrairieSky Royalty Ltd. (TSE:PSK) insider Andrew Phillips bought 6,300 shares of the stock in a transaction on Wednesday, November 4th. The shares were bought at an average price of C$34.80 per share, with a total value of C$219,240.00. Following the acquisition, the insider owned 919,602 shares of the company’s stock, valued at C$32,002,149.60. This trade represents a 0.69% increase in their ownership of the stock.

PrairieSky Royalty Stock Down 4.2%

Shares of TSE PSK traded down C$1.54 during trading hours on Wednesday, hitting C$34.74. 512,366 shares of the stock were exchanged, compared to its average volume of 493,155. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 3.55. The company has a market cap of C$8.08 billion, a PE ratio of 28.95, a PEG ratio of 0.47 and a beta of 0.87. PrairieSky Royalty Ltd. has a 12 month low of C$24.76 and a 12 month high of C$38.08. The firm has a fifty day moving average price of C$35.41 and a 200-day moving average price of C$33.21.

PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, October 26th. The company reported C$0.36 earnings per share (EPS) for the quarter. PrairieSky Royalty had a net margin of 47.60% and a return on equity of 10.96%. The business had revenue of C$165.00 million for the quarter.

PrairieSky Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a $0.2650 dividend. This represents a $1.06 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 29th. PrairieSky Royalty’s dividend payout ratio is presently 87.92%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. National Bank Financial lifted their price objective on shares of PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an “outperform” rating in a report on Tuesday, October 20th. Scotia lifted their target price on shares of PrairieSky Royalty from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 27th. Raymond James Financial upped their price target on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada raised their target price on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, BMO Capital Markets raised their price objective on PrairieSky Royalty from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$38.29.

About PrairieSky Royalty

PrairieSky is a royalty-focused company, generating royalty revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada.