PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Senior Officer Daniel James Bertram acquired 7,670 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of C$28.20 per share, with a total value of C$216,290.93.
PrairieSky Royalty Trading Up 1.6 %
Shares of TSE:PSK opened at C$28.55 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The company's 50-day moving average price is C$27.59 and its 200 day moving average price is C$27.07. The company has a market cap of C$6.82 billion, a PE ratio of 29.74, a P/E/G ratio of 0.47 and a beta of 1.78. PrairieSky Royalty Ltd. has a fifty-two week low of C$21.22 and a fifty-two week high of C$28.93.
PrairieSky Royalty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.50%. PrairieSky Royalty's dividend payout ratio (DPR) is presently 104.17%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on PSK. Raymond James raised PrairieSky Royalty to a "hold" rating in a report on Thursday, October 17th. Atb Cap Markets raised PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price objective on shares of PrairieSky Royalty from C$33.00 to C$34.00 in a report on Tuesday. ATB Capital increased their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Finally, TD Securities lifted their price target on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a "hold" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$30.80.
My #1 Pre IPO Trade for 2025 – NAME and TICKER
From Wyatt Investment Research | Ad
One tiny company...
Could quickly become "the next SpaceX."
It plans to go public on the NASDAQ. And today you can buy Pre-IPO shares for less than $4.00.
Get urgent details inside this free report...
The Next SpaceX Pre-IPO
Read Our Latest Stock Analysis on PrairieSky Royalty
PrairieSky Royalty Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
