PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of “Hold” by Analysts

PrairieSky Royalty Ltd. (TSE:PSK) 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.

PrairieSky Royalty Price Performance

Shares of TSE PSK opened at C$27.01 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The company has a market capitalization of C$6.46 billion, a PE ratio of 28.14, a P/E/G ratio of 0.47 and a beta of 1.80. The firm has a fifty day simple moving average of C$26.96 and a 200 day simple moving average of C$26.00. PrairieSky Royalty has a twelve month low of C$21.22 and a twelve month high of C$28.59.

PrairieSky Royalty (TSE:PSK) 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.