Insider Buying: PrairieSky Royalty Ltd. (TSE:PSK) Senior executive buys 4,000 shares


PrairieSky Royalty Ltd. (IS:PSKGet a rating) Senior officer Andrew Phillips purchased 4,000 shares of the company in a trade that took place on Monday, April 25. The shares were purchased at an average price of CA$16.66 per share, for a total transaction of CA$66,637.60. Following the completion of the transaction, the insider now directly owns 644,804 shares of the company, valued at C$10,742,047.76.

Andrew Phillips also recently made the following trade(s):

  • On Friday, February 25, Andrew Phillips purchased 10,000 shares of PrairieSky Royalty. The shares were purchased at an average price of CA$16.29 per share, for a total transaction of CA$162,900.00.

PSK was trading down C$0.15 in midday trading on Monday, to C$17.03. The company had a trading volume of 526,283 shares, compared to an average volume of 597,682. The company has a quick ratio of 1.18, a current ratio of 1.19 and a leverage ratio of 24.86. The company has a 50-day moving average of C$17.42 and a 200-day moving average of C$15.66. The company has a market capitalization of C$4.07 billion and a P/E ratio of 31.24. PrairieSky Royalty Ltd. has a 1-year low of C$12.51 and a 1-year high of C$19.48.

PrairieSky Royalty (IS:PSKGet a rating) last released its results on Monday, February 7. The company reported earnings per share (EPS) of C$0.19 for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The company reported revenue of C$100.60 million for the quarter. On average, stock research analysts predict that PrairieSky Royalty Ltd. will show an EPS of 1.0399999 for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14. Investors of record on Thursday, March 31 received a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.48 and a dividend yield of 2.82%. This is a boost from PrairieSky Royalty’s previous quarterly dividend of $0.09. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 66.36%.

Several research companies have commented on PSK. Raymond James set a target price of C$26.00 on PrairieSky Royalty and gave the stock an “outperform” rating in a Tuesday, April 19 report. Tudor Pickering & Holt raised its price target on PrairieSky Royalty from C$17.00 to C$20.00 and gave the company a “holding” rating in a Tuesday, February 8 report. Royal Bank of Canada raised its price target on PrairieSky Royalty from CA$21.00 to CA$22.00 and gave the company an “industry performance” rating in a Tuesday, April 19 report. Scotiabank raised its price target on PrairieSky Royalty from C$17.00 to C$19.00 in a Tuesday, March 8 report. Finally, National Bankshares raised its price target on PrairieSky Royalty from CA$23.00 to CA$24.00 and gave the company an “sector performance” rating in a Tuesday, April 19 research report. Six analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of CA$20.51.

About PrairieSky Royalty (Get a rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia and Manitoba in Canada. It has an interest in approximately 9.8 million acres with oil and/or natural gas rights; 8.5 million acres of gross overriding royalties; approximately 0.3 million acres of GRT interests; and other surfaces.

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