PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Buys C$110,953.80 in Stock

PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) Senior Officer Andrew Phillips purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average price of C$18.49 per share, for a total transaction of C$110,953.80. Following the completion of the purchase, the insider now directly owns 655,204 shares in the company, valued at approximately C$12,116,228.93.

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

• On Monday, April 25th, Andrew Phillips purchased 4,000 shares of PrairieSky Royalty stock. The shares were acquired at an average price of C$16.66 per share, for a total transaction of C$66,637.60.
• On Friday, February 25th, Andrew Phillips purchased 10,000 shares of PrairieSky Royalty stock. The shares were acquired at an average price of C$16.29 per share, for a total transaction of C$162,900.00.

Shares of TSE:PSK traded down C$1.02 on Monday, hitting C$18.03. The company had a trading volume of 514,567 shares, compared to its average volume of 599,912. The firm’s 50-day simple moving average is C$17.67 and its two-hundred day simple moving average is C$15.92. PrairieSky Royalty Ltd. has a 1 year low of C$12.75 and a 1 year high of C$19.48. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 24.86. The firm has a market capitalization of C$4.31 billion and a price-to-earnings ratio of 34.64.

PrairieSky Royalty (TSE:PSK – Get Rating) last issued its quarterly earnings results on Monday, February 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The business had revenue of C$100.60 million for the quarter. Equities research analysts anticipate that PrairieSky Royalty Ltd. will post 1.1006289 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.12 per share. This is a boost from PrairieSky Royalty’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Wednesday, March 30th. PrairieSky Royalty’s dividend payout ratio (DPR) is 66.36%.

Several analysts have issued reports on PSK shares. Royal Bank of Canada increased their target price on shares of PrairieSky Royalty from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 19th. BMO Capital Markets increased their price target on shares of PrairieSky Royalty from C$20.00 to C$23.00 in a report on Monday, March 14th. Scotiabank increased their price target on shares of PrairieSky Royalty from C$17.00 to C$19.00 in a report on Tuesday, March 8th. Tudor Pickering & Holt increased their price target on shares of PrairieSky Royalty from C$17.00 to C$20.00 and gave the stock a “hold” rating in a report on Tuesday, February 8th. Finally, Tudor Pickering increased their price target on shares of PrairieSky Royalty to C$20.00 and gave the stock a “hold” rating in a report on Tuesday, February 8th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$20.51.

PrairieSky Royalty Company Profile (Get Rating)

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.

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