PrairieSky Royalty Ltd. (TSE:PSK) Stock Has Consensus Target Price of C$35.92 According to Brokerages

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$35.92.

A number of research analysts have recently issued reports on the company. National Bank Financial increased their target price on PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research report on Tuesday, October 20th. Royal Bank Of Canada upped their price objective on shares of PrairieSky Royalty from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Wednesday.

PrairieSky Royalty Price Performance

Shares of PrairieSky Royalty stock opened at C$36.69 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 6.88. PrairieSky Royalty has a twelve month low of C$24.76 and a twelve month high of C$37.29. The business has a 50-day moving average price of C$35.31 and a 200 day moving average price of C$34.05. The firm has a market cap of C$8.53 billion, a PE ratio of 35.28, a P/E/G ratio of 0.47 and a beta of 0.82.

PrairieSky Royalty Dividend Announcement

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

Insider Buying and Selling

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