Insider Buying: PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Purchases C$123,150.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Andrew Phillips acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of C$24.63 per share, with a total value of C$123,150.00.

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

• On Wednesday, October 25th, Andrew Phillips acquired 3,900 shares of PrairieSky Royalty stock. The shares were acquired at an average cost of C$24.61 per share, with a total value of C$95,979.00.

PrairieSky Royalty Stock Down 1.0 %

PSK stock opened at C$24.75 on Monday. PrairieSky Royalty Ltd. has a 12 month low of C$19.55 and a 12 month high of C$26.90. The firm has a market cap of C$5.92 billion, a PE ratio of 26.05, a P/E/G ratio of 0.47 and a beta of 1.80. The firm has a 50 day simple moving average of C$25.04 and a 200 day simple moving average of C$24.41. The company has a debt-to-equity ratio of 8.58, a current ratio of 0.82 and a quick ratio of 0.65.

PrairieSky Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Thursday, September 28th. PrairieSky Royalty’s dividend payout ratio is presently 101.05%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PSK. Canaccord Genuity Group upped their target price on shares of PrairieSky Royalty from C$24.75 to C$25.25 in a research report on Friday, October 20th. Stifel Nicolaus decreased their target price on shares of PrairieSky Royalty from C$27.50 to C$27.25 in a research report on Tuesday, October 24th. ATB Capital upped their target price on shares of PrairieSky Royalty from C$23.00 to C$26.50 in a research report on Friday, October 20th. TD Securities upped their target price on shares of PrairieSky Royalty from C$23.00 to C$24.00 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, Raymond James upped their target price on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Four analysts have rated the stock with a hold rating and three have assigned 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$26.73.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.6 million acres of gross overriding royalty interests, and other acreage.