Key Points
- Director Margaret Anne Mckenzie purchased 8,400 shares at C$29.92 (≈C$251,328) on Feb 11, raising her stake 13.9% to 68,850 shares, an insider buy that signals management confidence.
- Multiple analysts have lifted targets and ratings recently (BMO C$34, TD C$33, National Bank C$35), leaving a consensus rating of Moderate Buy and a consensus price target of C$31.57.
- PrairieSky shares opened at C$30.08 (market cap C$7.0B) and are trading near their 52-week high of C$30.69, though the company shows elevated leverage (debt-to-equity 3.48) and current/quick ratios below 1.
PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Director Margaret Anne Mckenzie purchased 8,400 shares of the firm's stock in a transaction on Wednesday, February 11th. The stock was bought at an average price of C$29.92 per share, for a total transaction of C$251,328.00. Following the acquisition, the director owned 68,850 shares in the company, valued at C$2,059,992. The trade was a 13.90% increase in their ownership of the stock.
PrairieSky Royalty Stock Up 2.0%
Shares of TSE PSK opened at C$30.08 on Thursday. The stock has a market capitalization of C$7.00 billion, a PE ratio of 32.34, a P/E/G ratio of 0.47 and a beta of 0.79. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 3.48. The firm has a fifty day moving average of C$27.76 and a 200-day moving average of C$26.06. PrairieSky Royalty Ltd. has a 52-week low of C$21.97 and a 52-week high of C$30.69.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. National Bank Financial raised their price objective on PrairieSky Royalty from C$32.00 to C$35.00 and gave the stock an "outperform" rating in a report on Tuesday, February 3rd. TD Securities raised their price target on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a "buy" rating in a report on Tuesday. Natl Bk Canada raised shares of PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 3rd. BMO Capital Markets boosted their price objective on shares of PrairieSky Royalty from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Raymond James Financial raised shares of PrairieSky Royalty from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$30.00 to C$35.00 in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, PrairieSky Royalty presently has a consensus rating of "Moderate Buy" and a consensus price target of C$31.57.
View Our Latest Stock Analysis on PSK
Key Stories Impacting PrairieSky Royalty
Here are the key news stories impacting PrairieSky Royalty this week:
- Positive Sentiment: Yahoo Finance highlights record oil royalties and a higher dividend discussion that could reset the bullish thesis for PrairieSky by improving cashflow visibility and dividend support—this is the primary fundamental catalyst cited for the share strength. Does Record Oil Royalties And A Higher Dividend Reset The Bull Case For PrairieSky (TSX:PSK)?
- Positive Sentiment: BMO Capital Markets raised its price target to C$34.00 and moved to an “outperform” rating, signalling stronger analyst conviction and providing uphill catalyst for the stock. BayStreet Analyst Ratings (BMO)
- Positive Sentiment: TD Securities lifted its target to C$33.00 and kept a “buy” stance, adding another institutional upgrade that supports further upside versus recent prices. BayStreet Analyst Ratings (TD)
- Positive Sentiment: Director Margaret Anne Mckenzie bought 8,400 shares (~C$251k at ~C$29.92), increasing her stake ~13.9%—an insider purchase that typically signals management confidence and can reassure investors. MarketBeat: PSK Insider Purchase
- Neutral Sentiment: Scotiabank raised its target to C$31.00 but kept a “sector perform” rating, which is less bullish than peers—helps the price-target consensus but is not as strong a buy signal. BayStreet Analyst Ratings (Scotiabank)
PrairieSky Royalty Company Profile
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Get Free Report)
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.
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