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PrairieSky Royalty (TSE:PSK) Stock Passes Below 200 Day Moving Average of $17.53

Defense World · Aug 19, 2022 04:01

Shares of PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.53 and traded as low as C$17.27. PrairieSky Royalty shares last traded at C$17.36, with a volume of 0 shares.

Wall Street Analysts Forecast Growth

PSK has been the topic of a number of research reports. Raymond James upped their price target on shares of PrairieSky Royalty from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 5th. BMO Capital Markets boosted their price target on PrairieSky Royalty from C$23.00 to C$25.00 in a research note on Tuesday, July 19th. Royal Bank of Canada increased their price objective on PrairieSky Royalty from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 19th. CIBC boosted their target price on shares of PrairieSky Royalty from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research report on Tuesday, July 19th. Finally, Stifel Nicolaus upped their price target on shares of PrairieSky Royalty from C$23.75 to C$24.00 in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$21.93.

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PrairieSky Royalty Stock Performance

The company has a debt-to-equity ratio of 17.37, a quick ratio of 1.14 and a current ratio of 1.16. The company has a market cap of C$4.15 billion and a P/E ratio of 16.22. The stock's fifty day moving average price is C$17.24 and its two-hundred day moving average price is C$17.53.

PrairieSky Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. PrairieSky Royalty's dividend payout ratio (DPR) is currently 39.25%.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Andrew Phillips bought 7,000 shares of the firm's stock in a transaction on Wednesday, July 20th. The shares were purchased at an average price of C$18.09 per share, for a total transaction of C$126,648.20. Following the completion of the transaction, the insider now directly owns 662,204 shares in the company, valued at approximately C$11,980,992.09.

PrairieSky Royalty Company Profile

(Get Rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.