PrairieSky Royalty (TSE:PSK) Director Margaret Anne Mckenzie Acquires 6,000 Shares of Stock

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

PrairieSky Royalty Stock Down 0.5%

PSK stock opened at C$34.49 on Friday. The company has a market cap of C$8.02 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 0.47 and a beta of 0.87. The company has a fifty day moving average price of C$35.34 and a 200 day moving average price of C$33.28. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.75 and a quick ratio of 0.65. PrairieSky Royalty Ltd. has a 12 month low of C$25.44 and a 12 month high of C$38.08.

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

PrairieSky Royalty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.2650 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.06 annualized dividend and a dividend yield of 3.1%. PrairieSky Royalty’s dividend payout ratio is 87.92%.

Analyst Ratings Changes

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