PrairieSky Royalty (TSE:PSK) announced a monthly dividend on Thursday, April 12th, Zacks reports. Stockholders of record on Monday, April 30th will be paid a dividend of 0.065 per share on Tuesday, May 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, April 27th.
Shares of TSE PSK opened at C$30.88 on Friday. PrairieSky Royalty has a 52 week low of C$26.52 and a 52 week high of C$35.90.
PrairieSky Royalty (TSE:PSK) last issued its earnings results on Monday, February 26th. The company reported C$0.17 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.10 by C$0.07. The business had revenue of C$91.50 million during the quarter. PrairieSky Royalty had a net margin of 43.61% and a return on equity of 5.87%.
A number of equities research analysts have recently commented on PSK shares. BMO Capital Markets set a C$38.00 target price on shares of PrairieSky Royalty and gave the company an “outperform” rating in a research report on Tuesday, February 27th. CIBC raised their price objective on shares of PrairieSky Royalty from C$36.00 to C$40.00 in a research report on Tuesday, March 20th. TD Securities cut their price objective on shares of PrairieSky Royalty from C$34.00 to C$33.00 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Raymond James cut their price objective on shares of PrairieSky Royalty from C$31.00 to C$30.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Finally, GMP Securities upgraded shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$35.50 to C$34.00 in a research report on Thursday, March 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PrairieSky Royalty presently has an average rating of “Buy” and a consensus target price of C$34.60.
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PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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