PrairieSky Royalty (TSE:PSK) Insider Buys C$69,120.00 in Stock

Key Points

• Insider Daniel James Bertram bought 2,000 PrairieSky Royalty shares at C$34.56 each, investing C$69,120 and increasing his position by 8% to 27,000 shares.
• PrairieSky reported quarterly earnings of C$0.36 per share on C$165 million in revenue, with a 47.6% net margin. It pays an annualized dividend of C$1.06 per share, yielding about 3%.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of C$38.29; the shares traded at C$34.94 on Friday.

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) insider Daniel James Bertram bought 2,000 shares of the company's stock in a transaction on Friday, November 6th. The shares were acquired at an average cost of C$34.56 per share, for a total transaction of C$69,120.00. Following the completion of the acquisition, the insider directly owned 27,000 shares of the company's stock, valued at C$933,120. This trade represents a 8.00% increase in their position.

PrairieSky Royalty Stock Performance

Shares of PrairieSky Royalty stock traded up C$0.45 during trading hours on Friday, reaching C$34.94. The company's stock had a trading volume of 288,012 shares, compared to its average volume of 493,467. PrairieSky Royalty Ltd. has a one year low of C$25.50 and a one year high of C$38.08. The company's 50 day simple moving average is C$35.34 and its 200 day simple moving average is C$33.28. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.75. The stock has a market cap of C$8.12 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 0.47 and a beta of 0.87.

PrairieSky Royalty (TSE:PSK - Get Free Report) last announced 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 business had revenue of C$165.00 million during the quarter.

PrairieSky Royalty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were given a dividend of $0.2650 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 29th. PrairieSky Royalty's dividend payout ratio is presently 87.92%.

Analyst Ratings Changes

PSK has been the subject of a number of analyst reports. Scotia boosted their price objective 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. Royal Bank Of Canada raised their target price on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company an "outperform" rating in a research note on Wednesday, October 28th. National Bank Financial lifted their price target on PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an "outperform" rating in a report on Tuesday, October 20th. BMO Capital Markets upped their price objective on shares of PrairieSky Royalty from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Tuesday, October 27th. Finally, Raymond James Financial lifted their price target on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company a "market perform" rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$38.29.

About PrairieSky Royalty

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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