PrairieSky Royalty Ltd. (TSE:PSK) Senior executive acquires C$52,248.00 of stock

PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) Senior officer Cameron Maclean Proctor bought 3,000 shares of the company in a trade that took place on Thursday, April 21. The shares were acquired at an average price of CA$17.42 per share, with a total value of CA$52,248.00. Following the completion of the transaction, the insider now directly owns 99,200 shares of the company, valued at approximately C$1,727,667.20.

Shares of TSE:PSK traded lower C$1.07 at midday Thursday, hitting C$17.28. 909,804 shares of the company were traded, against an average volume of 599,870. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt ratio of 24.86. The company’s fifty-day moving average is C$17.42 and its two-hundred-day moving average is C$15.61. PrairieSky Royalty Ltd. has a 1-year low of C$12.51 and a 1-year high of C$19.48. The stock has a market capitalization of C$4.13 billion and a PE ratio of 33.36.

PrairieSky Royalty (TSE:PSK – Get Rating) released its quarterly results for the last time on Monday February 7th. The company reported earnings per share (EPS) of C$0.19 for the quarter, beating the Zacks consensus estimate of C$0.18 by C$0.01. The company reported revenue of C$100.60 million for the quarter. As a group, sell-side analysts expect PrairieSky Royalty Ltd. shows an EPS of 0.85 for the current year.

The company also recently declared 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. This is an increase from PrairieSky Royalty’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.48 on an annualized basis and a yield of 2.78%. PrairieSky Royalty’s dividend payout ratio is currently 66.36%.

A number of research companies have weighed in on PSK. Raymond James has set a price target of C$26.00 on shares of PrairieSky Royalty and gave the stock an “outperform” rating in a research report on Tuesday. ATB Capital reiterated an “na” rating and issued a C$15.50 price target on PrairieSky Royalty shares in a research report on Friday, January 7. National Bankshares raised its price target on PrairieSky Royalty shares from C$23.00 to C$24.00 and gave the stock an “sector performance” rating in a research report on Tuesday. National Bank Financial lowered its price target on PrairieSky Royalty shares to C$18.50 and set an “industry performance” rating for the company in a research report on Thursday, Jan. 6. Finally, Canaccord Genuity Group raised its price target on PrairieSky Royalty shares from C$20.00 to C$21.00 in a Thursday, February 10 research report. Six research analysts gave the stock a hold rating and four gave the company a buy rating. According to, the company currently has an average rating of “Hold” and an average target price of CA$20.51.

PrairieSky Royalty Company Profile (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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