PrairieSky Royalty Ltd. (TSE:PSK) Given Consensus Recommendation of “Hold” by Brokerages

PrairieSky Royalty Ltd. (TSE:PSK) has earned a consensus rating of “Buy” from the fourteen research firms that are covering the firm, reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$18.11.

PSK has been the subject of several recent research reports. boosted their target price on shares of PrairieSky Royalty from C$17.00 to C$19.00 in a research report on Tuesday, October 26th. ATB Capital reissued a “na” rating and issued a C$15.50 target price on shares of PrairieSky Royalty in a research report on Friday, January 7th. CIBC boosted their target price on shares of PrairieSky Royalty from C$19.00 to C$20.00 and gave the stock a “neutral” rating in a research report on Friday, December 17th. Tudor Pickering reaffirmed a “hold” rating and set a C$17.00 price objective on shares of PrairieSky Royalty in a report on Thursday, December 16th. Finally, Raymond James upped their price objective on shares of PrairieSky Royalty from C$22.00 to C$22.50 and gave the stock an “outperform” rating in a report on Thursday, December 16th.

PrairieSky Royalty stock traded up C$0.15 during trading hours on Friday, hitting C$14.68. The company had a trading volume of 520,009 shares, compared to its average volume of 429,461. The firm has a market capitalization of C$3.51 billion and a P/E ratio of 34.95. The company has a debt-to-equity ratio of 7.72, a current ratio of 0.85 and a quick ratio of 0.83. The firm’s fifty day moving average is C$14.16 and its 200-day moving average is C$14.17. PrairieSky Royalty has a fifty-two week low of C$10.14 and a fifty-two week high of C$16.48.

PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, October 25th. The company reported C$0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.15. The company had revenue of C$78.10 million during the quarter, compared to analyst estimates of C$77.00 million. Analysts anticipate that PrairieSky Royalty will post 0.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 17th. Stockholders of record on Friday, December 31st will be paid a $0.09 dividend. This is a boost from PrairieSky Royalty’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, December 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.45%. PrairieSky Royalty’s dividend payout ratio is currently 66.67%.

About PrairieSky Royalty

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 7.5 million acres of gross overriding royalty interests; and approximately 0.2 million acres of the GRT interest.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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