PrairieSky Royalty (TSE:PSK – Free Report) 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.
Check Out Our Latest Report on PSK
PrairieSky Royalty Stock Performance
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.
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