PrairieSky Royalty Ltd (PSK) Price Target Increased to C$29.00 by Analysts at Barclays PLC
PSK has been the topic of several other reports. Scotiabank reaffirmed an outperform rating and set a C$28.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. FirstEnergy Capital raised PrairieSky Royalty from a market perform rating to an outperform rating in a research report on Thursday, July 28th. TD Securities reaffirmed a buy rating and set a C$31.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. Canaccord Genuity reaffirmed a buy rating and set a C$31.00 price target on shares of PrairieSky Royalty in a research report on Monday, June 13th. Finally, AltaCorp Capital lowered shares of PrairieSky Royalty from an outperform rating to a sector perform rating in a research note on Thursday, July 7th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. PrairieSky Royalty has a consensus rating of Hold and an average price target of C$27.82.
Shares of PrairieSky Royalty (TSE:PSK) opened at 28.72 on Tuesday. The company has a 50 day moving average price of $26.77 and a 200 day moving average price of $25.43. The company has a market cap of $6.57 billion and a price-to-earnings ratio of 322.70. PrairieSky Royalty has a one year low of $17.15 and a one year high of $28.95.
The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.51%.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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