PrairieSky Royalty (TSE:PSK) Announces Quarterly Earnings Results

PrairieSky Royalty (TSE:PSK) issued its quarterly earnings data on Monday. The company reported C$0.36 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$165.00 million for the quarter. PrairieSky Royalty had a net margin of 44.86% and a return on equity of 9.48%.

PrairieSky Royalty Price Performance

Shares of TSE:PSK opened at C$36.70 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 6.88. The company has a 50-day moving average price of C$35.28 and a 200 day moving average price of C$32.85. PrairieSky Royalty has a 52 week low of C$24.76 and a 52 week high of C$37.29. The company has a market cap of C$8.53 billion, a P/E ratio of 35.29, a PEG ratio of 0.47 and a beta of 0.82.

PrairieSky Royalty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a $0.2650 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.06 annualized dividend and a dividend yield of 2.9%. PrairieSky Royalty’s payout ratio is presently 100.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada upped their target price on shares of PrairieSky Royalty from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. National Bank Financial raised their price target on PrairieSky Royalty from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, PrairieSky Royalty currently has an average rating of “Moderate Buy” and a consensus target price of C$35.92.

Insider Activity at PrairieSky Royalty

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

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.