PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$28.94.
PSK has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of PrairieSky Royalty from C$27.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Scotiabank upped their target price on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Stifel Nicolaus lifted their price target on shares of PrairieSky Royalty from C$27.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. ATB Capital upped their price objective on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Finally, CIBC cut shares of PrairieSky Royalty from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$27.50 to C$31.00 in a report on Monday, April 22nd.
View Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Price Performance
PrairieSky Royalty (TSE:PSK – Get Free Report) last announced its quarterly earnings data on Monday, July 15th. The company reported C$0.25 earnings per share (EPS) for the quarter. PrairieSky Royalty had a return on equity of 8.37% and a net margin of 46.81%. The company had revenue of C$135.60 million for the quarter. On average, sell-side analysts forecast that PrairieSky Royalty will post 0.9083447 EPS for the current year.
PrairieSky Royalty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.70%. PrairieSky Royalty’s dividend payout ratio is currently 104.17%.
Insider Transactions at PrairieSky Royalty
In related news, Senior Officer Andrew Phillips bought 7,000 shares of PrairieSky Royalty stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average cost of C$25.75 per share, with a total value of C$180,250.00. Company insiders own 0.54% of the company’s stock.
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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