PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Buys C$101,536.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Andrew Phillips bought 3,800 shares of PrairieSky Royalty stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of C$26.72 per share, for a total transaction of C$101,536.00.

PrairieSky Royalty Stock Performance

PSK traded up C$0.05 on Wednesday, reaching C$27.09. 398,892 shares of the stock were exchanged, compared to its average volume of 297,326. The company's 50-day moving average price is C$25.74 and its 200 day moving average price is C$24.41. The company has a debt-to-equity ratio of 6.80, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of C$6.47 billion, a PE ratio of 28.52, a PEG ratio of 0.47 and a beta of 1.81. PrairieSky Royalty Ltd. has a fifty-two week low of C$20.60 and a fifty-two week high of C$28.42.

PrairieSky Royalty (TSE:PSK - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.06. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. The business had revenue of C$136.60 million during the quarter. As a group, sell-side analysts forecast 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 represents a $1.00 annualized dividend and a dividend yield of 3.69%. This is a boost from PrairieSky Royalty's previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, March 27th. PrairieSky Royalty's payout ratio is presently 105.26%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PSK. Stifel Nicolaus boosted their price objective on PrairieSky Royalty from C$27.00 to C$30.00 and gave the company a "buy" rating in a report on Tuesday. BMO Capital Markets lifted their price objective on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a "hold" rating in a report on Tuesday. ATB Capital raised their target price on shares of PrairieSky Royalty from C$27.00 to C$28.50 in a research report on Tuesday. National Bankshares upped their price target on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an "outperform" rating in a research report on Friday, April 19th. Finally, CIBC lowered shares of PrairieSky Royalty from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from C$27.50 to C$31.00 in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$27.30.

About PrairieSky Royalty

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.