PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips Acquires 3,800 Shares of Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips acquired 3,800 shares of PrairieSky Royalty stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of C$26.72 per share, for a total transaction of C$101,536.00.

PrairieSky Royalty Stock Up 0.2 %

TSE PSK opened at C$27.09 on Thursday. 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 company has a market capitalization of C$6.47 billion, a P/E ratio of 28.52, a P/E/G ratio of 0.47 and a beta of 1.81. PrairieSky Royalty Ltd. has a one year low of C$20.60 and a one year high of C$28.42. The stock has a 50 day moving average price of C$25.84 and a 200-day moving average price of C$24.43.

PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) 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 return on equity of 8.22% and a net margin of 47.46%. As a group, equities analysts predict that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current fiscal year.

PrairieSky Royalty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.25 dividend. This is a positive change from PrairieSky Royalty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.69%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 105.26%.

Analyst Ratings Changes

A number of brokerages have issued reports on PSK. National Bankshares boosted their price objective on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a research report on Friday, April 19th. Royal Bank of Canada boosted their price objective on shares of PrairieSky Royalty from C$26.00 to C$27.00 in a research report on Tuesday. ATB Capital boosted their price objective on shares of PrairieSky Royalty from C$27.00 to C$28.50 in a research report on Tuesday. CIBC downgraded shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$27.50 to C$31.00 in a research report on Monday. Finally, BMO Capital Markets boosted their target price on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, PrairieSky Royalty currently has a consensus rating of “Hold” and a consensus 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.