Key Points
- Insider Daniel James Bertram bought 2,000 PrairieSky Royalty shares at C$34.56 each for C$69,120, increasing his holdings by 8% to 27,000 shares.
- PrairieSky reported quarterly earnings of C$0.36 per share on C$165 million in revenue and pays an annualized dividend of C$1.06 per share, a yield of about 3%.
- Analysts’ average rating is Moderate Buy, with an average price target of C$38.29.
PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) insider Daniel James Bertram purchased 2,000 shares of the stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of C$34.56 per share, with a total value of C$69,120.00. Following the transaction, the insider owned 27,000 shares in the company, valued at C$933,120. This trade represents a 8.00% increase in their position.
PrairieSky Royalty Stock Performance
TSE PSK traded up C$0.29 during trading hours on Friday, reaching C$34.78. The stock had a trading volume of 607,944 shares, compared to its average volume of 495,137. The stock has a fifty day moving average of C$35.29 and a 200 day moving average of C$33.32. The stock has a market cap 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 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 Ltd. has a 52-week low of C$25.50 and a 52-week high of C$38.08.
PrairieSky Royalty (TSE:PSK - Get Free Report) last released its quarterly earnings data on Monday, October 26th. The company reported C$0.36 earnings per share 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 for the quarter.
PrairieSky Royalty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were paid 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 dividend yield of 3.0%. PrairieSky Royalty's dividend payout ratio (DPR) is presently 87.92%.
Analyst Ratings Changes
A number of research firms have recently commented on PSK. BMO Capital Markets boosted their price objective on PrairieSky Royalty from C$39.00 to C$40.00 and gave the company an "outperform" rating in a research report on Tuesday, October 27th. Scotia upped their price target on PrairieSky Royalty from C$36.00 to C$37.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 27th. Raymond James Financial lifted their target price on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 28th. Royal Bank Of Canada raised their price target on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock an "outperform" rating in a report on Wednesday, October 28th. Finally, National Bank Financial lifted their price target on shares of PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an "outperform" rating in a research report on Tuesday, October 20th. One equities 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. According to data from MarketBeat, PrairieSky Royalty has an average rating of "Moderate Buy" and an average target price of C$38.29.
Get Our Latest Analysis on PrairieSky Royalty
About PrairieSky Royalty
(
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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