PrairieSky Royalty (TSE:PSK) Director Margaret Anne Mckenzie Purchases 8,400 Shares of Stock

PrairieSky Royalty Ltd. (TSE:PSK) Director Margaret Anne Mckenzie bought 8,400 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were acquired at an average price of C$29.92 per share, with a total value of C$251,328.00. Following the completion of the acquisition, the director directly owned 68,850 shares in the company, valued at C$2,059,992. This represents a 13.90% increase in their position.

PrairieSky Royalty Stock Up 2.0%

Shares of TSE PSK opened at C$30.08 on Thursday. The firm’s 50-day moving average is C$27.76 and its two-hundred day moving average is C$26.06. The company has a market capitalization of C$7.00 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 0.47 and a beta of 0.79. PrairieSky Royalty Ltd. has a 12-month low of C$21.97 and a 12-month high of C$30.69. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.

Key PrairieSky Royalty News

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)

Analyst Ratings Changes

PSK has been the topic of a number of analyst reports. Raymond James Financial raised PrairieSky Royalty from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$30.00 to C$35.00 in a research note on Tuesday, December 9th. TD Securities raised their price target on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bank Financial boosted their price objective on shares of PrairieSky Royalty from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Natl Bk Canada raised shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Scotiabank lifted their target price on shares of PrairieSky Royalty from C$30.00 to C$31.00 and gave the stock a “sector perform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$31.57.

About PrairieSky Royalty

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.