PrairieSky Royalty Ltd. (TSE:PSK) Receives C$30.20 Consensus PT from Brokerages

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$30.20.

Several analysts have issued reports on PSK shares. Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. Scotiabank upped their price objective on PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. ATB Capital upped their price objective on PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. TD Securities cut their price objective on PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 1st. Finally, National Bankshares upped their price objective on PrairieSky Royalty from C$31.00 to C$33.00 in a research note on Friday, September 27th.

PrairieSky Royalty Trading Up 0.6 %

TSE:PSK opened at C$28.30 on Thursday. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$28.59. The business’s 50-day simple moving average is C$27.24 and its 200 day simple moving average is C$26.85. The stock has a market cap of C$6.76 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 0.47 and a beta of 1.79.

PrairieSky Royalty (TSE:PSK) last released its quarterly earnings results on Monday, July 15th. The company reported C$0.25 EPS for the quarter. PrairieSky Royalty had a return on equity of 8.37% and a net margin of 46.81%. The business had revenue of C$135.60 million for the quarter. As a group, sell-side analysts predict that PrairieSky Royalty will post 0.9572503 earnings per share for the current fiscal year.

PrairieSky Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 104.17%.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.