PrairieSky Royalty Ltd. (TSE:PSK) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$38.29.

PSK has been the subject of a number of analyst reports. Raymond James Financial boosted their price objective on PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Wednesday. National Bank Financial raised their target price on PrairieSky Royalty from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. BMO Capital Markets boosted their target price on PrairieSky Royalty from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 27th. Scotia boosted their target price on PrairieSky Royalty from C$36.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 27th. Finally, Royal Bank Of Canada upped their price target on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company an “outperform” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, insider Andrew Phillips acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average cost of C$33.26 per share, with a total value of C$116,410.00. Following the completion of the acquisition, the insider owned 93,500 shares of the company’s stock, valued at C$3,109,810. The trade was a 3.89% increase in their ownership of the stock. Also, insider Pamela Pearl Kazeil purchased 2,500 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average price of C$33.42 per share, with a total value of C$83,550.00. Following the transaction, the insider owned 3,220 shares in the company, valued at C$107,612.40. The trade was a 347.22% increase in their ownership of the stock. 0.54% of the stock is owned by insiders.

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$36.98 on Friday. PrairieSky Royalty has a fifty-two week low of C$24.76 and a fifty-two week high of C$38.08. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.75. The company has a 50 day moving average price of C$35.41 and a 200 day moving average price of C$33.12. The stock has a market capitalization of C$8.60 billion, a P/E ratio of 30.82, a PEG ratio of 0.47 and a beta of 0.82.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data on Monday, October 26th. The company reported C$0.36 earnings per share for the quarter. PrairieSky Royalty had a net margin of 47.60% and a return on equity of 10.96%. The firm had revenue of C$165.00 million during the quarter.

PrairieSky Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were given a $0.2650 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 29th. PrairieSky Royalty’s dividend payout ratio (DPR) is 87.92%.

PrairieSky Royalty Company Profile

PrairieSky is a royalty-focused company, generating royalty revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada.