PrairieSky Royalty (TSE:PSK) Insider Pamela Pearl Kazeil Buys 2,500 Shares

PrairieSky Royalty Ltd. (TSE:PSKGet Free Report) insider Pamela Pearl Kazeil acquired 2,500 shares of PrairieSky Royalty stock in a transaction on Wednesday, August 5th. The stock was purchased at an average cost of C$33.42 per share, for a total transaction of C$83,550.00. Following the purchase, the insider 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 Down 3.0%

Shares of PSK opened at C$33.08 on Thursday. The company has a debt-to-equity ratio of 6.88, a current ratio of 0.90 and a quick ratio of 0.65. The stock has a market capitalization of C$7.69 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 0.47 and a beta of 0.73. PrairieSky Royalty Ltd. has a 1 year low of C$23.43 and a 1 year high of C$35.89. The business’s 50 day simple moving average is C$33.41 and its 200-day simple moving average is C$32.22.

PrairieSky Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.06 dividend on an annualized basis and a yield of 3.2%. PrairieSky Royalty’s dividend payout ratio is presently 100.96%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PSK. Royal Bank Of Canada boosted their price objective on 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. Roth Capital raised PrairieSky Royalty to a “strong-buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, PrairieSky Royalty has an average rating of “Moderate Buy” and a consensus price target of C$34.42.

Check Out Our Latest Analysis on PSK

PrairieSky Royalty Company Profile

(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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