Insider Buying: PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Purchases 7,000 Shares of Stock

PrairieSky Royalty Ltd. (TSE:PSKGet Free Report) Senior Officer Andrew Phillips purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of C$25.75 per share, for a total transaction of C$180,250.00.

Andrew Phillips also recently made the following trade(s):

  • On Wednesday, April 24th, Andrew Phillips purchased 3,800 shares of PrairieSky Royalty stock. 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

Shares of PrairieSky Royalty stock opened at C$26.12 on Friday. The company has a market cap of C$6.24 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. PrairieSky Royalty Ltd. has a 52 week low of C$21.22 and a 52 week high of C$28.42. The business has a 50 day moving average price of C$26.69 and a 200-day moving average price of C$24.78. The company has a quick ratio of 0.65, a current ratio of 0.32 and a debt-to-equity ratio of 6.39.

PrairieSky Royalty (TSE:PSKGet Free Report) last released its earnings results on Monday, April 22nd. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.01. The company had revenue of C$120.70 million during the quarter. PrairieSky Royalty had a return on equity of 7.91% and a net margin of 45.90%. Equities analysts anticipate that PrairieSky Royalty Ltd. will post 0.9703787 earnings per share for the current fiscal year.

PrairieSky Royalty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, June 28th. PrairieSky Royalty’s dividend payout ratio is presently 109.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PSK shares. ATB Capital upped their price target on PrairieSky Royalty from C$27.00 to C$28.50 in a research note on Tuesday, April 23rd. Canaccord Genuity Group upped their price target on PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. National Bankshares upped their price target on 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. Stifel Nicolaus increased their price objective on PrairieSky Royalty from C$27.00 to C$30.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, CIBC downgraded PrairieSky Royalty from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$27.50 to C$31.00 in a research note on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, PrairieSky Royalty has a consensus rating of “Hold” and an average target price of C$27.30.

Read Our Latest Report on PSK

About PrairieSky Royalty

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for PrairieSky Royalty (TSE:PSK)

Receive News & Ratings for PrairieSky Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty and related companies with MarketBeat.com's FREE daily email newsletter.