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

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

PrairieSky Royalty Stock Performance

PSK stock opened at C$34.65 on Thursday. The company has a market capitalization of C$8.05 billion, a P/E ratio of 28.88, a PEG ratio of 0.47 and a beta of 0.87. The company has a 50-day simple moving average of C$35.38 and a 200 day simple moving average of C$33.25. PrairieSky Royalty Ltd. has a fifty-two week low of C$24.76 and a fifty-two week high of C$38.08. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 3.55.

PrairieSky Royalty (TSE:PSK) last announced its 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 firm had revenue of C$165.00 million during the quarter.

PrairieSky Royalty Dividend Announcement

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

Analysts Set New Price Targets

PSK has been the subject of a number of research reports. National Bank Financial increased their price target on PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research note on Tuesday, October 20th. Scotia boosted 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. Royal Bank Of Canada boosted their price objective on PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Raymond James Financial upped their price objective on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company a “market perform” rating in a report on Wednesday, October 28th. Finally, BMO Capital Markets raised 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.