Michael Tikal Murphy Purchases 500 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Michael Tikal Murphy purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of C$26.41 per share, with a total value of C$13,203.00.

PrairieSky Royalty Stock Down 1.9 %

Shares of PrairieSky Royalty stock opened at C$25.74 on Thursday. The company has a 50-day simple moving average of C$26.16 and a two-hundred day simple moving average of C$24.49. PrairieSky Royalty Ltd. has a 52-week low of C$20.69 and a 52-week high of C$28.42. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of C$6.15 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.06. The company had revenue of C$136.60 million during the quarter. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. On average, analysts anticipate that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current fiscal year.

PrairieSky Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. PrairieSky Royalty’s dividend payout ratio (DPR) is 105.26%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PSK. National Bankshares upped their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a report on Friday, April 19th. Canaccord Genuity Group increased their price objective on PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Stifel Nicolaus boosted their target price on shares of PrairieSky Royalty from C$27.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. ATB Capital lifted their price target on shares of PrairieSky Royalty from C$27.00 to C$28.50 in a research report on Tuesday, April 23rd. Finally, CIBC cut shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$27.50 to C$31.00 in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.