PrairieSky Royalty Ltd (PSK) Receives Average Rating of “Hold” from Analysts
PrairieSky Royalty Ltd (TSE:PSK) has been given an average rating of “Buy” by the ten analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$33.90.
Several research firms have weighed in on PSK. GMP Securities lifted their target price on PrairieSky Royalty from C$30.00 to C$31.00 in a research note on Wednesday, July 26th. Royal Bank Of Canada lowered their target price on PrairieSky Royalty from C$38.00 to C$34.00 in a research note on Thursday, July 20th. National Bank Financial lowered their target price on PrairieSky Royalty from C$30.00 to C$29.00 in a research note on Friday, June 23rd. BMO Capital Markets lifted their target price on PrairieSky Royalty from C$30.00 to C$35.00 in a research note on Tuesday. Finally, TD Securities cut PrairieSky Royalty from a “buy” rating to a “hold” rating and lowered their target price for the company from C$33.00 to C$32.00 in a research note on Monday, October 2nd.
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Shares of PrairieSky Royalty (TSE PSK) traded up 0.60% during midday trading on Wednesday, reaching $32.02. 324,547 shares of the company were exchanged. PrairieSky Royalty has a 52-week low of $27.10 and a 52-week high of $34.32. The firm’s 50 day moving average is $30.82 and its 200-day moving average is $29.57. The company has a market capitalization of $7.58 billion and a PE ratio of 87.25.
PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, July 24th. The company reported C$0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.08 by C$0.09. The firm had revenue of C$102.20 million for the quarter. PrairieSky Royalty had a return on equity of 5.85% and a net margin of 39.63%. On average, equities analysts forecast that PrairieSky Royalty will post $0.38 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 16th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.75 annualized dividend and a dividend yield of 2.34%.
PrairieSky Royalty Company Profile
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. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 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 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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