Shares of PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) have been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$26.73.
A number of research firms have recently weighed in on PSK. Canaccord Genuity Group increased their price objective on PrairieSky Royalty from C$24.75 to C$25.25 in a research note on Friday, October 20th. National Bankshares increased their price objective on PrairieSky Royalty from C$26.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 12th. Raymond James increased their price objective on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. ATB Capital increased their price objective on PrairieSky Royalty from C$23.00 to C$26.50 in a research note on Friday, October 20th. Finally, Scotiabank increased their price objective on PrairieSky Royalty from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Monday, October 16th.
Read Our Latest Report on PrairieSky Royalty
PrairieSky Royalty Stock Down 0.5 %
Shares of PSK opened at C$23.66 on Monday. The firm has a market cap of C$5.65 billion, a P/E ratio of 24.91, a P/E/G ratio of 0.47 and a beta of 1.79. The stock has a 50 day simple moving average of C$24.70 and a two-hundred day simple moving average of C$24.63. The company has a debt-to-equity ratio of 8.58, a current ratio of 0.82 and a quick ratio of 0.65. PrairieSky Royalty has a 1 year low of C$19.55 and a 1 year high of C$26.90.
PrairieSky Royalty (TSE:PSK – Get Free Report) last issued its earnings results on Monday, October 23rd. The company reported C$0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.01). The firm had revenue of C$133.10 million during the quarter. PrairieSky Royalty had a return on equity of 8.25% and a net margin of 45.26%. On average, analysts forecast that PrairieSky Royalty will post 0.929666 earnings per share for the current fiscal year.
PrairieSky Royalty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Thursday, September 28th. PrairieSky Royalty’s payout ratio is 101.05%.
Insider Buying and Selling
In other news, Senior Officer Andrew Phillips acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of C$24.63 per share, for a total transaction of C$123,150.00. Insiders acquired 13,900 shares of company stock valued at $340,429 over the last quarter. 1.08% of the stock is owned by company insiders.
About PrairieSky Royalty
PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.6 million acres of gross overriding royalty interests, and other acreage.
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