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

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

PrairieSky Royalty Trading Up 1.3%

Shares of TSE:PSK traded up C$0.45 during midday trading on Friday, reaching C$34.94. The company had a trading volume of 288,012 shares, compared to its average volume of 493,467. The company has a fifty day simple moving average of C$35.34 and a two-hundred day simple moving average of C$33.28. The firm has a market cap of C$8.12 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 0.47 and a beta of 0.87. PrairieSky Royalty Ltd. has a 1-year low of C$25.50 and a 1-year high of C$38.08. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.75.

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

PrairieSky Royalty Dividend Announcement

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

Wall Street Analysts Forecast Growth

PSK has been the topic of several recent analyst reports. Scotia boosted their target price on shares of PrairieSky Royalty from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 27th. Raymond James Financial raised their target price on PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 28th. BMO Capital Markets lifted their price target on PrairieSky Royalty from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. Royal Bank Of Canada upped their price target 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. Finally, National Bank Financial increased their price objective on PrairieSky Royalty from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.