PrairieSky Royalty Ownership

PSK Stock  CAD 28.99  0.20  0.69%   
PrairieSky Royalty owns a total of 239 Million outstanding shares. Over half of PrairieSky Royalty's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in PrairieSky Royalty. Please watch out for any change in the institutional holdings of PrairieSky Royalty as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
 
Shares in Circulation  
First Issued
2014-06-30
Previous Quarter
239 M
Current Value
239 M
Avarage Shares Outstanding
221 M
Quarterly Volatility
33.5 M
 
Yuan Drop
 
Covid
Some institutional investors establish a significant position in stocks such as PrairieSky Royalty in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of PrairieSky Royalty, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.
As of the 15th of December 2024, Dividends Paid is likely to drop to about 120.5 M. In addition to that, Dividend Yield is likely to drop to 0.04. As of the 15th of December 2024, Common Stock Shares Outstanding is likely to grow to about 239.7 M. Also, Net Income Applicable To Common Shares is likely to grow to about 383.4 M.
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrairieSky Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

PrairieSky Stock Ownership Analysis

About 66.0% of the company shares are owned by institutional investors. The book value of PrairieSky Royalty was at this time reported as 11.47. The company has Price/Earnings To Growth (PEG) ratio of 2.56. PrairieSky Royalty last dividend was issued on the 31st of December 2024. PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. The company was incorporated in 2013 and is headquartered in Calgary, Canada. PRAIRIESKY ROYALTY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 61 people. To find out more about PrairieSky Royalty contact Andrew Phillips at 587 293 4000 or learn more at https://www.prairiesky.com.

PrairieSky Royalty Outstanding Bonds

PrairieSky Royalty issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. PrairieSky Royalty uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most PrairieSky bonds can be classified according to their maturity, which is the date when PrairieSky Royalty has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Pair Trading with PrairieSky Royalty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PrairieSky Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PrairieSky Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving together with PrairieSky Stock

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Moving against PrairieSky Stock

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The ability to find closely correlated positions to PrairieSky Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PrairieSky Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PrairieSky Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PrairieSky Royalty to buy it.
The correlation of PrairieSky Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PrairieSky Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PrairieSky Royalty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PrairieSky Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in PrairieSky Stock

PrairieSky Royalty financial ratios help investors to determine whether PrairieSky Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PrairieSky with respect to the benefits of owning PrairieSky Royalty security.