PrairieSky Royalty (TSE:PSK) insider Andrew Phillips purchased 373 shares of the stock in a transaction dated Wednesday, March 14th. The stock was purchased at an average cost of C$26.89 per share, for a total transaction of C$10,029.97.
PSK traded down C$0.29 on Friday, hitting C$28.50. 456,427 shares of the company were exchanged, compared to its average volume of 438,408. PrairieSky Royalty has a twelve month low of C$26.52 and a twelve month high of C$35.90.
PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.10 by C$0.07. The business had revenue of C$91.50 million during the quarter. PrairieSky Royalty had a return on equity of 5.87% and a net margin of 43.61%.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 16th will be given a dividend of $0.065 per share. This is a boost from PrairieSky Royalty’s previous monthly dividend of $0.06. This represents a $0.78 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, March 28th.
A number of equities analysts recently commented on PSK shares. Canaccord Genuity reduced their price objective on PrairieSky Royalty from C$36.00 to C$35.00 in a research report on Tuesday, February 27th. Raymond James Financial reduced their price objective on PrairieSky Royalty from C$31.00 to C$30.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 27th. BMO Capital Markets set a C$38.00 target price on PrairieSky Royalty and gave the company an “outperform” rating in a research report on Tuesday, February 27th. TD Securities reduced their target price on PrairieSky Royalty from C$34.00 to C$33.00 and set a “hold” rating on the stock in a research report on Tuesday, February 27th. Finally, GMP Securities upgraded PrairieSky Royalty from a “hold” rating to a “buy” rating and reduced their target price for the company from C$35.50 to C$34.00 in a research report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PrairieSky Royalty currently has an average rating of “Buy” and a consensus price target of C$34.60.
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PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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