Andrew Phillips Buys 3,800 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips acquired 3,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average cost of C$26.72 per share, with a total value of C$101,536.00.

PrairieSky Royalty Stock Up 0.9 %

Shares of TSE PSK traded up C$0.24 during mid-day trading on Wednesday, reaching C$27.28. 123,026 shares of the company’s stock traded hands, compared to its average volume of 293,726. The stock has a market cap of C$6.52 billion, a P/E ratio of 28.46, a PEG ratio of 0.47 and a beta of 1.81. The business has a 50-day simple moving average of C$25.74 and a 200 day simple moving average of C$24.41. PrairieSky Royalty Ltd. has a 1-year low of C$20.60 and a 1-year high of C$28.42. The company has a debt-to-equity ratio of 6.80, a current ratio of 0.65 and a quick ratio of 0.65.

PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.06. The firm had revenue of C$136.60 million during the quarter. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. On average, analysts expect that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current fiscal year.

PrairieSky Royalty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.25 per share. This is a positive change from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Wednesday, March 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 105.26%.

Wall Street Analyst Weigh In

PSK has been the subject of several research reports. Royal Bank of Canada increased their price objective on shares of PrairieSky Royalty from C$26.00 to C$27.00 in a research note on Tuesday. Raymond James dropped their price objective on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. CIBC downgraded shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and raised their price target for the company from C$27.50 to C$31.00 in a research note on Monday. National Bankshares raised their price target on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, ATB Capital raised their price target on shares of PrairieSky Royalty from C$27.00 to C$28.50 in a report on Tuesday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$27.30.

PrairieSky Royalty Company Profile

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.