Key Points
- Insider Andrew Phillips bought 6,300 shares at C$34.80 apiece for C$219,240, increasing his stake by 0.69% to 919,602 shares.
- PrairieSky reported quarterly EPS of C$0.36 and revenue of C$165 million. Its annualized dividend is C$1.06 per share, a yield of about 3.1%.
- Shares were reported down 4.5%. Analysts’ consensus rating was Moderate Buy, with an average target price of C$38.29.
PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) insider Andrew Phillips bought 6,300 shares of PrairieSky Royalty stock in a transaction dated Wednesday, November 4th. The shares were bought at an average cost of C$34.80 per share, with a total value of C$219,240.00. Following the completion of the acquisition, the insider owned 919,602 shares of the company's stock, valued at C$32,002,149.60. The trade was a 0.69% increase in their ownership of the stock.
PrairieSky Royalty Stock Down 4.5%
Shares of TSE:PSK opened at C$34.65 on Thursday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.75. The company has a market cap of C$8.05 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 0.47 and a beta of 0.87. PrairieSky Royalty Ltd. has a 52 week low of C$24.76 and a 52 week high of C$38.08. The firm has a 50 day simple moving average of C$35.38 and a 200 day simple moving average of C$33.25.
PrairieSky Royalty (TSE:PSK - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$165.00 million during the quarter. PrairieSky Royalty had a return on equity of 10.96% and a net margin of 47.60%.
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 given a dividend of $0.2650 per share. 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 3.1%. PrairieSky Royalty's dividend payout ratio (DPR) is presently 87.92%.
Analyst Upgrades and Downgrades
PSK has been the topic of several research reports. Scotia upped their target price on PrairieSky Royalty from C$36.00 to C$37.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 27th. Raymond James Financial lifted their price target 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. 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 boosted their price target on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company an "outperform" rating in a research note 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 report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$38.29.
Check Out Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Company Profile
(
Get Free Report)
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.
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