PrairieSky Royalty (TSE:PSK) Stock: Insider Daniel James Bertram Acquires 2,000 Shares

PrairieSky Royalty Ltd. (TSE:PSK) insider Daniel James Bertram purchased 2,000 shares of PrairieSky Royalty stock in a transaction on Friday, November 6th. The shares were acquired at an average price of C$34.56 per share, for a total transaction of C$69,120.00. Following the completion of the transaction, the insider directly owned 27,000 shares of the company’s stock, valued at approximately C$933,120. The trade was a 8.00% increase in their ownership of the stock.

PrairieSky Royalty Trading Up 0.8%

PSK stock opened at C$34.78 on Friday. The company has a market capitalization of C$8.08 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 0.47 and a beta of 0.87. PrairieSky Royalty Ltd. has a one year low of C$25.50 and a one year high of C$38.08. The company’s 50 day moving average price is C$35.29 and its two-hundred day moving average price is C$33.32. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.75.

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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were given a dividend of $0.2650 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.06 annualized dividend and a yield of 3.0%. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 87.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PSK. Scotia lifted their price target on shares of PrairieSky Royalty from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 27th. Royal Bank Of Canada upped their price objective on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Raymond James Financial raised their target price on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the company a “market perform” rating in a research note on Wednesday, October 28th. National Bank Financial lifted their target price on shares of PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an “outperform” rating in a report on Tuesday, October 20th. Finally, BMO Capital Markets lifted their target price on shares of PrairieSky Royalty from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, PrairieSky Royalty presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.29.

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.