PrairieSky Royalty Ltd. (TSE:PSK) Given Consensus Rating of “Moderate Buy” by Brokerages

PrairieSky Royalty Ltd. (TSE:PSK) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research 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 1-year target price among analysts that have issued a report on the stock in the last year is C$34.42.

Several analysts have recently commented on the stock. Roth Capital upgraded shares of PrairieSky Royalty to a “strong-buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on PrairieSky Royalty from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th.

PrairieSky Royalty Stock Performance

Shares of PSK opened at C$34.39 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 6.88. The stock has a market cap of C$7.99 billion, a P/E ratio of 33.07, a PEG ratio of 0.47 and a beta of 0.73. The company has a 50-day moving average of C$33.44 and a two-hundred day moving average of C$32.35. PrairieSky Royalty has a 12-month low of C$23.43 and a 12-month high of C$35.89.

PrairieSky Royalty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.06 annualized dividend and a yield of 3.1%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 100.96%.

Insider Transactions at PrairieSky Royalty

In related news, insider Pamela Pearl Kazeil acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of C$33.42 per share, for a total transaction of C$83,550.00. Following the transaction, the insider owned 3,220 shares in the company, valued at C$107,612.40. This trade represents a 347.22% increase in their position. Also, insider Ian Charles Dundas bought 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The stock was purchased at an average cost of C$31.89 per share, with a total value of C$239,175.00. Following the purchase, the insider directly owned 27,500 shares in the company, valued at C$876,975. The trade was a 37.50% increase in their position. Insiders purchased a total of 13,500 shares of company stock valued at $439,135 over the last three months. 0.54% of the stock is currently owned by insiders.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.