PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Daniel James Bertram acquired 7,670 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of C$28.20 per share, for a total transaction of C$216,290.93.
PrairieSky Royalty Stock Up 1.6 %
PSK stock traded up C$0.44 during mid-day trading on Wednesday, hitting C$28.55. 295,608 shares of the company were exchanged, compared to its average volume of 357,432. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. PrairieSky Royalty Ltd. has a 1-year low of C$21.22 and a 1-year high of C$28.93. The firm's 50 day simple moving average is C$27.59 and its 200 day simple moving average is C$27.07. The firm has a market cap of C$6.82 billion, a P/E ratio of 29.74, a P/E/G ratio of 0.47 and a beta of 1.78.
PrairieSky Royalty Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.50%. PrairieSky Royalty's payout ratio is 104.17%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on PSK shares. TD Securities lifted their price objective on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research note on Tuesday. Atb Cap Markets upgraded PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. National Bankshares increased their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Raymond James raised shares of PrairieSky Royalty to a "hold" rating in a research note on Thursday, October 17th. Finally, ATB Capital upped their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$30.80.
Read Our Latest Stock Analysis on PrairieSky Royalty
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.
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