Pamela Pearl Kazeil Purchases 2,500 Shares of PrairieSky Royalty (TSE:PSK) Stock

PrairieSky Royalty Ltd. (TSE:PSK) insider Pamela Pearl Kazeil bought 2,500 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of C$33.42 per share, for a total transaction of C$83,550.00. Following the completion of the purchase, the insider directly owned 3,220 shares in the company, valued at approximately C$107,612.40. The trade was a 347.22% increase in their ownership of the stock.

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$33.99 on Friday. The business’s 50-day moving average price is C$33.41 and its two-hundred day moving average price is C$32.26. PrairieSky Royalty Ltd. has a twelve month low of C$23.43 and a twelve month high of C$35.89. The stock has a market cap of C$7.90 billion, a P/E ratio of 32.68, a PEG ratio of 0.47 and a beta of 0.73. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 6.88.

PrairieSky Royalty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, June 30th. PrairieSky Royalty’s dividend payout ratio is 100.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PSK. Roth Capital raised shares of PrairieSky Royalty to a “strong-buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price target on shares of PrairieSky Royalty from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$34.42.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.