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

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

PrairieSky Royalty Stock Down 3.8 %

PrairieSky Royalty stock opened at C$26.23 on Wednesday. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. The business’s 50-day simple moving average is C$26.12 and its two-hundred day simple moving average is C$24.48. The company has a market cap of C$6.27 billion, a PE ratio of 27.61, a PEG ratio of 0.47 and a beta of 1.81. PrairieSky Royalty Ltd. has a fifty-two week low of C$20.69 and a fifty-two week high of C$28.42.

PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings results on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.06. The business had revenue of C$136.60 million for the quarter. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. Equities analysts anticipate that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current year.

PrairieSky Royalty Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PSK. Royal Bank of Canada boosted their target price on PrairieSky Royalty from C$26.00 to C$27.00 in a research note on Tuesday, April 23rd. ATB Capital boosted their target price on PrairieSky Royalty from C$27.00 to C$28.50 in a research note on Tuesday, April 23rd. National Bankshares boosted their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Raymond James dropped their target price 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. Finally, Canaccord Genuity Group boosted their target price 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. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$27.30.

PrairieSky Royalty Company Profile

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.