PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Michael Tikal Murphy Acquires 500 Shares

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Michael Tikal Murphy bought 500 shares of PrairieSky Royalty stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average cost of C$26.41 per share, with a total value of C$13,203.00.

PrairieSky Royalty Trading Down 3.8 %

Shares of PSK stock traded down C$1.05 on Tuesday, reaching C$26.23. 345,898 shares of the stock were exchanged, compared to its average volume of 298,838. The stock has a market cap of C$6.27 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 6.80. The firm has a 50 day moving average of C$26.06 and a two-hundred day moving average of C$24.47. PrairieSky Royalty Ltd. has a 1-year low of C$20.69 and a 1-year high of C$28.42.

PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, February 12th. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$136.60 million during the quarter. On average, research analysts anticipate that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current year.

PrairieSky Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.25 dividend. This is an increase from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.81%. The ex-dividend date was Wednesday, March 27th. PrairieSky Royalty’s dividend payout ratio is currently 105.26%.

Analysts Set New Price Targets

Several research firms have issued reports on PSK. CIBC cut PrairieSky Royalty from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from C$27.50 to C$31.00 in a research report on Monday, April 22nd. Raymond James decreased their price target on PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. ATB Capital boosted their price target on PrairieSky Royalty from C$27.00 to C$28.50 in a research note on Tuesday, April 23rd. Canaccord Genuity Group boosted their price target on PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Finally, National Bankshares upped their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a research note on Friday, April 19th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, PrairieSky Royalty currently has an average rating of “Hold” and an average price target of C$27.30.

About PrairieSky Royalty

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.