Shares of PrairieSky Royalty Ltd. (TSE:PSK) have earned an average rating of “Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$14.55.
Several research analysts have commented on PSK shares. Tudor Pickering & Holt set a C$12.00 price objective on PrairieSky Royalty and gave the company a “hold” rating in a research report on Tuesday, February 9th. TD Securities raised their price objective on PrairieSky Royalty from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday, February 9th. BMO Capital Markets lifted their target price on PrairieSky Royalty from C$13.00 to C$18.00 and gave the stock a “na” rating in a research report on Monday, March 15th. Raymond James lifted their target price on PrairieSky Royalty from C$14.25 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 17th. Finally, Eight Capital lifted their target price on PrairieSky Royalty from C$10.40 to C$18.50 and gave the stock a “buy” rating in a research report on Friday, March 12th.
TSE:PSK traded up C$0.06 during mid-day trading on Wednesday, hitting C$13.90. The company had a trading volume of 190,261 shares, compared to its average volume of 613,947. The business has a fifty day simple moving average of C$13.58 and a 200-day simple moving average of C$10.88. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 1.93. PrairieSky Royalty has a 1 year low of C$7.60 and a 1 year high of C$14.68. The firm has a market capitalization of C$3.10 billion and a price-to-earnings ratio of 100.29.
PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, February 8th. The company reported C$0.06 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.01. The company had revenue of C$47.00 million during the quarter. As a group, research analysts anticipate that PrairieSky Royalty will post 0.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 15th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.87%. This is an increase from PrairieSky Royalty’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 30th. PrairieSky Royalty’s dividend payout ratio (DPR) is 271.74%.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 7.5 million acres of gross overriding royalty interests; and approximately 0.2 million acres of the GRT interest.
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