Key Points
- Director Margaret Anne Mckenzie bought 6,000 PrairieSky Royalty shares at C$34.99 each, investing C$209,940. Her holdings rose 8.17% to 79,400 shares.
- PrairieSky reported quarterly EPS of C$0.36 and revenue of C$165 million; it pays an annualized dividend of C$1.06 per share, yielding about 3.1%.
- Analysts’ consensus rating is Moderate Buy, with an average price target of C$38.29.
PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) Director Margaret Anne Mckenzie purchased 6,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the director directly owned 79,400 shares of the company's stock, valued at C$2,778,206. This represents a 8.17% increase in their ownership of the stock.
PrairieSky Royalty Price Performance
Shares of TSE:PSK opened at C$34.49 on Friday. PrairieSky Royalty Ltd. has a 52 week low of C$25.44 and a 52 week high of C$38.08. The company has a 50-day moving average price of C$35.34 and a 200 day moving average price of C$33.28. The company has a market cap of C$8.02 billion, a P/E ratio of 28.74, a PEG ratio of 0.47 and a beta of 0.87. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 3.55.
PrairieSky Royalty (TSE:PSK - Get Free Report) last released its earnings results on Monday, October 26th. The company reported C$0.36 earnings per share (EPS) for the quarter. PrairieSky Royalty had a return on equity of 10.96% and a net margin of 47.60%. The company had revenue of C$165.00 million for the quarter.
PrairieSky Royalty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a $0.2650 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 29th. PrairieSky Royalty's dividend payout ratio (DPR) is currently 87.92%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on PSK shares. BMO Capital Markets upped their price objective on PrairieSky Royalty from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Tuesday, October 27th. Scotia increased their price objective on PrairieSky Royalty from C$36.00 to C$37.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 27th. Raymond James Financial raised their target price on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company a "market perform" rating in a report on Wednesday, October 28th. National Bank Financial boosted their target price 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. Finally, Royal Bank Of Canada upped 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, PrairieSky Royalty has a consensus rating of "Moderate Buy" and an average price target of C$38.29.
View Our Latest Research Report on PSK
PrairieSky Royalty Company Profile
(
Get Free Report)
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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