PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage. The company was incorporated in 2013 and is headquartered in Calgary, Canada.
PrairieSky Royalty Trading Up 0.2 %
Shares of PSK Stock opened at C$17.22 on Tuesday. PrairieSky Royalty has a fifty-two week low of C$12.75 and a fifty-two week high of C$20.42. The stock has a market cap of C$4.11 billion and a P/E ratio of 16.09. The business has a fifty day simple moving average of C$17.53 and a 200-day simple moving average of C$17.46. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 17.37.
PrairieSky Royalty Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Wednesday, June 29th. PrairieSky Royalty's dividend payout ratio is presently 44.86%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PSK shares. Scotiabank upped their target price on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research report on Wednesday, June 8th. BMO Capital Markets upped their target price on shares of PrairieSky Royalty from C$23.00 to C$25.00 in a research note on Tuesday, July 19th. CIBC upped their target price on shares of PrairieSky Royalty from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 19th. Stifel Nicolaus upped their target price on shares of PrairieSky Royalty from C$23.75 to C$24.00 in a research note on Tuesday, July 19th. Finally, Raymond James upped their target price on shares of PrairieSky Royalty from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$21.93.
Insider Buying and Selling
In other PrairieSky Royalty news, Senior Officer Andrew Phillips purchased 7,000 shares of the stock in a transaction on Wednesday, July 20th. The stock was bought at an average price of C$18.09 per share, for a total transaction of C$126,648.20. Following the acquisition, the insider now directly owns 662,204 shares of the company's stock, valued at C$11,980,992.09.