PrairieSky Royalty (TSE:PSK) Insider Daniel James Bertram Acquires 2,000 Shares of Company Stock

PrairieSky Royalty Ltd. (TSE:PSK) insider Daniel James Bertram purchased 2,000 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of C$34.56 per share, with a total value of C$69,120.00. Following the transaction, the insider directly owned 27,000 shares in the company, valued at approximately C$933,120. This trade represents a 8.00% increase in their position.

PrairieSky Royalty Stock Up 0.8%

Shares of TSE PSK traded up C$0.29 during midday trading on Friday, reaching C$34.78. 607,944 shares of the company’s stock traded hands, compared to its average volume of 495,137. 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 stock’s 50 day simple moving average is C$35.29 and its 200-day simple moving average is C$33.32. PrairieSky Royalty Ltd. has a one year low of C$25.50 and a one year high of C$38.08. The company has a market cap of C$8.08 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 0.47 and a beta of 0.87.

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

PrairieSky Royalty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a $0.2650 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.0%. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 87.92%.

Wall Street Analyst Weigh In

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

PrairieSky Royalty Company Profile

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.