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

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

PrairieSky Royalty Stock Performance

Shares of PSK stock opened at C$28.55 on Thursday. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The company’s fifty day moving average price is C$27.59 and its two-hundred day moving average price is C$27.07. The firm has a market capitalization 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 Ltd. has a 12 month low of C$21.22 and a 12 month high of C$28.93.

PrairieSky Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is 104.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PSK. BMO Capital Markets boosted their target price on PrairieSky Royalty from C$33.00 to C$34.00 in a report on Tuesday. National Bankshares boosted their price objective on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. TD Securities raised their target price on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Tuesday. Raymond James upgraded shares of PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th. Finally, Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.