PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) has earned a consensus rating of "Hold" from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$21.93.
Several equities analysts have weighed in on PSK shares. Scotiabank lifted their price target on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a report on Wednesday, June 8th. Royal Bank of Canada lifted their price target on shares of PrairieSky Royalty from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a report on Tuesday, July 19th. Stifel Nicolaus lifted their price target on shares of PrairieSky Royalty from C$23.75 to C$24.00 in a report on Tuesday, July 19th. Raymond James lifted their price objective on shares of PrairieSky Royalty from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Tuesday, July 5th. Finally, BMO Capital Markets boosted their price target on shares of PrairieSky Royalty from C$23.00 to C$25.00 in a research report on Tuesday, July 19th.
Get PrairieSky Royalty alerts:Insiders Place Their Bets
In related news, Senior Officer Andrew Phillips bought 7,000 shares of the company's stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average price of C$18.09 per share, with a total value of C$126,648.20. Following the completion of the acquisition, the insider now owns 662,204 shares in the company, valued at approximately C$11,980,992.09.
PrairieSky Royalty Stock Performance
PSK opened at C$17.08 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 17.37. The company has a market cap of C$4.08 billion and a price-to-earnings ratio of 15.96. The company's 50 day moving average is C$17.20 and its 200 day moving average is C$17.54. PrairieSky Royalty has a 12-month low of C$12.75 and a 12-month high of C$20.42.PrairieSky Royalty Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, June 29th. PrairieSky Royalty's dividend payout ratio (DPR) is 39.25%.
PrairieSky Royalty Company Profile
(Get Rating)
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.
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