PrairieSky Royalty Ltd. (TSE:PSK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$34.42.

A number of research analysts have commented on PSK shares. Royal Bank Of Canada upped their price target on PrairieSky Royalty from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Wednesday. Roth Capital raised PrairieSky Royalty to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial downgraded PrairieSky Royalty from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$35.00 to C$35.50 in a report on Monday, March 30th.

Insider Buying and Selling at PrairieSky Royalty

In related news, insider Ian Charles Dundas purchased 7,500 shares of PrairieSky Royalty stock in a transaction that occurred on Friday, June 19th. The shares were bought at an average price of C$31.89 per share, for a total transaction of C$239,175.00. Following the completion of the transaction, the insider directly owned 27,500 shares of the company’s stock, valued at C$876,975. This represents a 37.50% increase in their ownership of the stock. Insiders own 0.54% of the company’s stock.

PrairieSky Royalty Stock Performance

Shares of TSE:PSK opened at C$34.30 on Friday. The company has a market cap of C$7.97 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 0.47 and a beta of 0.75. The company has a 50-day moving average price of C$33.31 and a 200-day moving average price of C$31.44. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 6.88. PrairieSky Royalty has a 12 month low of C$23.32 and a 12 month high of C$35.89.

PrairieSky Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 100.96%.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.