Daniel James Bertram Buys 7,670 Shares of PrairieSky Royalty Ltd. (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) Senior Officer Daniel James Bertram bought 7,670 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of C$28.20 per share, with a total value of C$216,290.93.

PrairieSky Royalty Trading Down 2.3 %

PSK opened at C$27.22 on Friday. The stock has a market cap of C$6.51 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. PrairieSky Royalty Ltd. has a twelve month low of C$21.22 and a twelve month high of C$28.93. The company has a fifty day moving average of C$27.60 and a 200-day moving average of C$27.07.

PrairieSky Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 104.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PSK shares. Scotiabank increased their target price on PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. ATB Capital boosted their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. National Bankshares boosted their price target on PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Finally, Raymond James raised PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$30.80.

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.