PrairieSky Royalty (TSE:PSK) Insider Acquires C$69,120.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) insider Daniel James Bertram acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of C$34.56 per share, for a total transaction of C$69,120.00. Following the completion of the purchase, the insider owned 27,000 shares in the company, valued at C$933,120. The trade was a 8.00% increase in their position.

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$34.78 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55. The company has a market capitalization of C$8.08 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 0.47 and a beta of 0.87. The firm has a 50-day moving average price of C$35.29 and a two-hundred day moving average price of C$33.32. PrairieSky Royalty Ltd. has a twelve month low of C$25.50 and a twelve month high of C$38.08.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, October 26th. The company reported C$0.36 earnings per share (EPS) for the quarter. The company had revenue of C$165.00 million for 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 disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were given a dividend of $0.2650 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 29th. PrairieSky Royalty’s payout ratio is currently 87.92%.

Analyst Ratings Changes

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