PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Purchases C$216,290.93 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Daniel James Bertram purchased 7,670 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of C$28.20 per share, with a total value of C$216,290.93.

PrairieSky Royalty Stock Up 0.5 %

Shares of PrairieSky Royalty stock traded up C$0.13 on Wednesday, hitting C$28.24. 114,038 shares of the company’s stock traded hands, compared to its average volume of 356,560. The stock has a market cap of C$6.75 billion, a P/E ratio of 29.28, a PEG ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a 52-week low of C$21.22 and a 52-week high of C$28.93. The firm’s 50-day moving average is C$27.56 and its 200 day moving average is C$27.07. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40.

PrairieSky Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is 104.17%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PSK shares. ATB Capital lifted their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. National Bankshares increased their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. Finally, TD Securities lifted their target price on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$30.80.

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.