National Bankshares Raises PrairieSky Royalty (TSE:PSK) Price Target to C$37.00

PrairieSky Royalty (TSE:PSK) had its price objective boosted by National Bankshares from C$33.00 to C$37.00 in a report issued on Wednesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other research firms also recently commented on PSK. Scotiabank lifted their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. Raymond James upgraded shares of PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. TD Securities cut their price target on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 1st. Finally, Royal Bank of Canada raised shares of 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. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$30.60.

PrairieSky Royalty Stock Performance

The company has a market cap of C$6.59 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$28.93. The firm’s 50 day moving average price is C$27.48 and its 200-day moving average price is C$27.04.

PrairieSky Royalty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of ∞. The ex-dividend date was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio 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.