PrairieSky Royalty (TSE:PSK) Share Price Crosses Above Fifty Day Moving Average of $23.81

PrairieSky Royalty Ltd. (TSE:PSKGet Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$23.81 and traded as high as C$26.76. PrairieSky Royalty shares last traded at C$26.53, with a volume of 274,286 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on PSK shares. CIBC reduced their price objective on PrairieSky Royalty from C$29.50 to C$27.50 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. BMO Capital Markets set a C$30.00 price objective on PrairieSky Royalty and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. National Bankshares reduced their price objective on PrairieSky Royalty from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 10th. Raymond James reduced their price objective on PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, ATB Capital raised their price objective on PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$26.25.

Read Our Latest Research Report on PrairieSky Royalty

PrairieSky Royalty Stock Performance

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 fifty day moving average of C$23.81 and a 200 day moving average of C$24.10. The stock has a market capitalization of C$6.34 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty (TSE:PSKGet Free Report) last issued 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 return on equity of 8.22% and a net margin of 47.46%. The company had revenue of C$136.60 million for the quarter. On average, sell-side analysts anticipate that PrairieSky Royalty Ltd. will post 0.9411115 earnings per share for the current fiscal year.

PrairieSky Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.25 dividend. This is a positive change from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.77%. The ex-dividend date is Wednesday, March 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 105.26%.

Insider Buying and Selling at PrairieSky Royalty

In other news, Director Leanne M. Bellegarde sold 6,650 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total value of C$171,437.00. In other news, Director Glenn Mcnamara bought 12,800 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of C$23.28 per share, for a total transaction of C$297,999.36. Also, Director Leanne M. Bellegarde sold 6,650 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total value of C$171,437.00. 1.11% of the stock is owned by corporate insiders.

PrairieSky Royalty Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for PrairieSky Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty and related companies with MarketBeat.com's FREE daily email newsletter.