PrairieSky Royalty (TSE:PSK) Stock: Insider Margaret Anne Mckenzie Purchases 6,000 Shares

PrairieSky Royalty Ltd. (TSE:PSK) Director Margaret Anne Mckenzie acquired 6,000 shares of PrairieSky Royalty stock in a transaction on Thursday, November 5th. The shares were bought at an average price of C$34.99 per share, with a total value of C$209,940.00. Following the completion of the transaction, the director directly owned 79,400 shares of the company’s stock, valued at C$2,778,206. This trade represents a 8.17% increase in their position.

PrairieSky Royalty Trading Up 0.8%

Shares of TSE PSK opened at C$34.78 on Friday. PrairieSky Royalty Ltd. has a 12 month low of C$25.50 and a 12 month high of C$38.08. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 3.55. The business has a fifty day simple moving average of C$35.29 and a 200-day simple moving average of C$33.32. The company has a market cap of C$8.08 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 0.47 and a beta of 0.87.

PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, October 26th. The company reported C$0.36 EPS for the quarter. PrairieSky Royalty had a return on equity of 10.96% and a net margin of 47.60%. The business had revenue of C$165.00 million for the quarter.

PrairieSky Royalty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a $0.2650 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.06 annualized dividend and a yield of 3.0%. PrairieSky Royalty’s dividend payout ratio (DPR) is 87.92%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PSK. BMO Capital Markets lifted their price target on PrairieSky Royalty from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th. Raymond James Financial raised their target price on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock a “market perform” rating in a report on Wednesday, October 28th. National Bank Financial upped their target price on shares of PrairieSky Royalty from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Tuesday, October 20th. Royal Bank Of Canada increased their target price on PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Finally, Scotia boosted their target price on shares of PrairieSky Royalty from C$36.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, PrairieSky Royalty currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.29.

About PrairieSky Royalty

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.