PrairieSky Royalty (TSE:PSK) Director Purchases C$209,940.00 in Stock

PrairieSky Royalty Ltd. (TSE:PSK) Director Margaret Anne Mckenzie acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were purchased at an average cost of C$34.99 per share, with a total value of C$209,940.00. Following the completion of the transaction, the director 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 Stock Performance

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

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

PrairieSky Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. PrairieSky Royalty’s dividend payout ratio is presently 87.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PSK. National Bank Financial boosted their target price on PrairieSky Royalty from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. BMO Capital Markets lifted their price target on shares of 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 lifted their price target on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Raymond James Financial boosted their price target on shares of 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. Finally, 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 research note on Tuesday, October 27th. One research 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 currently has an average rating of “Moderate Buy” and an average 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.