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

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

PrairieSky Royalty Stock Up 0.1%

Shares of PSK stock traded up C$0.05 during trading hours 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 company has a market cap of C$8.07 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth 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 Ltd. has a 12 month low of C$25.44 and a 12 month high of C$38.08. The business has a fifty day simple moving average of C$35.38 and a 200-day simple moving average of C$33.25.

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

PrairieSky Royalty Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on PSK. BMO Capital Markets increased their target price on shares of PrairieSky Royalty from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. Scotia boosted their price target on shares of PrairieSky Royalty from C$36.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 27th. National Bank Financial upped their price objective on shares of PrairieSky Royalty from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. Royal Bank Of Canada increased their price objective on shares of PrairieSky Royalty from C$39.00 to C$42.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Finally, Raymond James Financial lifted 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 research report on Wednesday, October 28th. One investment 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 company’s stock. According to MarketBeat.com, PrairieSky Royalty has a consensus rating of “Moderate Buy” and an average 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.