Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$27.93 and traded as high as C$29.62. PrairieSky Royalty shares last traded at C$29.62, with a volume of 345,049 shares traded.
Wall Street Analyst Weigh In
Several research firms have weighed in on PSK. Raymond James upgraded PrairieSky Royalty to a "hold" rating in a research report on Thursday, October 17th. Royal Bank of Canada upgraded PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Atb Cap Markets upgraded PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. TD Securities raised their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research report on Tuesday, October 29th. Finally, National Bankshares raised their price target on PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$30.80.
Read Our Latest Analysis on PrairieSky Royalty
PrairieSky Royalty Stock Up 0.8 %
The firm has a 50 day moving average of C$27.93 and a two-hundred day moving average of C$27.16. The firm has a market capitalization of C$7.08 billion, a price-to-earnings ratio of 30.85, 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, September 27th. PrairieSky Royalty's payout ratio is 104.17%.
Insider Activity
In related news, Senior Officer Daniel James Bertram acquired 7,670 shares of the stock in a transaction dated 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. Insiders own 0.54% of the company's stock.
PrairieSky Royalty Company Profile
(
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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.
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