PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$27.66 and traded as high as C$28.86. PrairieSky Royalty shares last traded at C$28.71, with a volume of 705,176 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PSK. Royal Bank of Canada upgraded PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. TD Securities upped their price objective on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a "hold" rating in a report on Tuesday, October 29th. Scotiabank raised their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. BMO Capital Markets upped their price target on shares of PrairieSky Royalty from C$33.00 to C$34.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, Raymond James upgraded shares of PrairieSky Royalty to a "hold" rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.80.
View Our Latest Analysis on PSK
PrairieSky Royalty Stock Performance
The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. The firm has a market capitalization of C$6.94 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The firm has a 50 day moving average price of C$27.66 and a two-hundred day moving average price of C$27.07.
PrairieSky Royalty Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.25 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of ∞. PrairieSky Royalty's dividend payout ratio (DPR) is 104.17%.
Insider Buying and Selling
In other news, Senior Officer Daniel James Bertram bought 7,670 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of C$28.20 per share, for a total transaction of C$216,290.93. 0.54% of the stock is currently owned by company insiders.
About PrairieSky Royalty
(
Get Free Report)
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.
Further Reading
Before you consider PrairieSky Royalty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PrairieSky Royalty wasn't on the list.
While PrairieSky Royalty currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
