PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Andrew Phillips bought 3,800 shares of the firm's stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased at an average cost of C$26.72 per share, for a total transaction of C$101,536.00.
PrairieSky Royalty Stock Performance
PSK stock opened at C$27.09 on Thursday. The company has a debt-to-equity ratio of 6.80, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average price of C$25.84 and a 200 day moving average price of C$24.43. PrairieSky Royalty Ltd. has a fifty-two week low of C$20.60 and a fifty-two week high of C$28.42. The stock has a market capitalization of C$6.47 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81.
PrairieSky Royalty (TSE:PSK - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.06. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. The firm had revenue of C$136.60 million during the quarter. Analysts forecast that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current year.
PrairieSky Royalty Increases Dividend
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The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.25 per share. This is a boost 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 annualized dividend and a dividend yield of 3.69%. PrairieSky Royalty's payout ratio is presently 105.26%.
Analyst Upgrades and Downgrades
PSK has been the topic of a number of recent research reports. National Bankshares lifted their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an "outperform" rating in a research report on Friday, April 19th. CIBC downgraded PrairieSky Royalty from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from C$27.50 to C$31.00 in a report on Monday. ATB Capital lifted their price objective on PrairieSky Royalty from C$27.00 to C$28.50 in a report on Tuesday. Stifel Nicolaus lifted their price objective on PrairieSky Royalty from C$27.00 to C$30.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on PrairieSky Royalty from C$26.00 to C$27.00 in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, PrairieSky Royalty has a consensus rating of "Hold" and a consensus target price of C$27.30.
Get Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Company Profile
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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.
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