Andrew Phillips Acquires 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 stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of C$26.72 per share, with a total value of C$101,536.00.

PrairieSky Royalty Stock Down 0.9 %

Shares of PrairieSky Royalty stock opened at C$26.85 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 6.80. The company’s fifty day simple moving average is C$25.91 and its two-hundred day simple moving average is C$24.45. The company has a market cap of C$6.42 billion, a P/E ratio of 28.26, a PEG ratio of 0.47 and a beta of 1.81. PrairieSky Royalty Ltd. has a 12-month low of C$20.69 and a 12-month high of C$28.42.

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 business had revenue of C$136.60 million for the quarter. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. Research analysts anticipate that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current year.

PrairieSky Royalty Increases Dividend

The business also recently disclosed 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 an increase from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Wednesday, March 27th. PrairieSky Royalty’s payout ratio is presently 105.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PSK. ATB Capital boosted their price objective on shares of PrairieSky Royalty from C$27.00 to C$28.50 in a report on Tuesday. BMO Capital Markets boosted their price objective on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the stock a “hold” rating in a report on Tuesday. Raymond James lowered 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 report on Friday, January 19th. Royal Bank of Canada lifted their target price on shares of PrairieSky Royalty from C$26.00 to C$27.00 in a research note on Tuesday. Finally, National Bankshares lifted their target price on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.