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

Key Points

• Director Margaret Anne Mckenzie bought 6,000 shares for C$209,940, increasing her stake by 8.17% to 79,400 shares.
• Analysts have a “Moderate Buy” consensus and an average price target of C$38.29; several firms recently raised their targets, including National Bank Financial to C$43.
• PrairieSky reported quarterly earnings of C$0.36 per share on C$165 million in revenue and pays an annualized dividend of C$1.06 per share, a yield of about 3.1%.

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Director Margaret Anne Mckenzie purchased 6,000 shares of PrairieSky Royalty stock in a transaction on Thursday, November 5th. The stock was bought at an average price of C$34.99 per share, for a total transaction of C$209,940.00. Following the transaction, the director directly owned 79,400 shares in the company, valued at approximately C$2,778,206. The trade was a 8.17% increase in their position.

PrairieSky Royalty Trading Up 0.1%

Shares of PrairieSky Royalty stock traded up C$0.05 during midday trading on Thursday, reaching C$34.70. The company had a trading volume of 365,818 shares, compared to its average volume of 493,339. The stock has a fifty day moving average price of C$35.38 and a 200 day moving average price of C$33.25. PrairieSky Royalty Ltd. has a fifty-two week low of C$25.44 and a fifty-two week high of C$38.08. The firm has a market cap of C$8.07 billion, a PE ratio of 28.92, a P/E/G ratio of 0.47 and a beta of 0.87. 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 (TSE:PSK - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported C$0.36 earnings per share for the quarter. PrairieSky Royalty had a return on equity of 10.96% and a net margin of 47.60%. The firm had revenue of C$165.00 million during the quarter.

PrairieSky Royalty Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on PSK shares. Scotia upped their price objective on shares of 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. Raymond James Financial boosted their target price on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company a "market perform" rating in a research report on Wednesday, October 28th. BMO Capital Markets upped their price target on PrairieSky Royalty from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 27th. Royal Bank Of Canada increased 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. Finally, National Bank Financial raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$38.29.

PrairieSky Royalty Company Profile

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.

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