PrairieSky Royalty (TSE:PSK) Director James Estey bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was bought at an average price of C$27.37 per share, with a total value of C$136,850.00.
PrairieSky Royalty opened at C$28.40 on Friday, Marketbeat Ratings reports. 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 posted its quarterly earnings results on Monday, April 23rd. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.01. The business had revenue of C$67.90 million during the quarter. PrairieSky Royalty had a net margin of 43.61% and a return on equity of 5.87%.
The firm also recently declared a monthly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 30th.
Several research analysts recently issued reports on the stock. TD Securities upgraded shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and set a C$32.00 target price for the company in a research report on Wednesday, May 2nd. Macquarie lowered shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$35.00 to C$33.00 in a research report on Thursday, April 26th. National Bank Financial cut their target price on shares of PrairieSky Royalty from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 24th. BMO Capital Markets cut their target price on shares of PrairieSky Royalty from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research report on Tuesday, April 24th. Finally, Eight Capital cut their target price on shares of PrairieSky Royalty from C$33.75 to C$29.35 in a research report on Tuesday, April 24th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$33.53.
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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