PrairieSky Royalty (TSE:PSK) Stock Crosses Above 50-Day Moving Average – Time to Sell?

PrairieSky Royalty Ltd. (TSE:PSK)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$35.09 and traded as high as C$35.64. PrairieSky Royalty shares last traded at C$35.04, with a volume of 348,646 shares.

Analyst Upgrades and Downgrades

Separately, 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 report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, PrairieSky Royalty currently has an average rating of “Moderate Buy” and an average target price of C$34.42.

PrairieSky Royalty Stock Performance

The firm’s fifty day moving average price is C$35.14 and its 200 day moving average price is C$33.90. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 6.88. The firm has a market capitalization of C$8.39 billion, a PE ratio of 34.72, a PEG ratio of 0.47 and a beta of 0.82.

PrairieSky Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were paid a $0.2650 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 29th. PrairieSky Royalty’s payout ratio is presently 100.96%.

Insider Transactions at PrairieSky Royalty

In related news, insider Pamela Pearl Kazeil purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was bought at an average price of C$33.42 per share, for a total transaction of C$83,550.00. Following the purchase, the insider owned 3,220 shares in the company, valued at C$107,612.40. The trade was a 347.22% increase in their position. Also, insider Andrew Phillips bought 3,500 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of C$33.26 per share, with a total value of C$116,410.00. Following the completion of the acquisition, the insider owned 93,500 shares in the company, valued at approximately C$3,109,810. The trade was a 3.89% increase in their position. 0.54% of the stock is owned by insiders.

PrairieSky Royalty Company Profile

PrairieSky is a royalty-focused company, generating royalty revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada.