PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) – Investment analysts at Stifel Firstegy dropped their Q3 2022 earnings per share (EPS) estimates for shares of PrairieSky Royalty in a report released on Thursday, September 1st. Stifel Firstegy analyst R. Fitzmartyn now anticipates that the company will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.32. The consensus estimate for PrairieSky Royalty's current full-year earnings is $1.24 per share.
Get PrairieSky Royalty alerts:A number of other research firms have also commented on PSK. Royal Bank of Canada lifted their price objective on shares of PrairieSky Royalty from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 19th. Scotiabank raised their price target on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research note on Wednesday, June 8th. BMO Capital Markets upped their price objective on shares of PrairieSky Royalty from C$23.00 to C$25.00 in a research note on Tuesday, July 19th. Raymond James lifted their price objective on PrairieSky Royalty from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 5th. Finally, CIBC increased their target price on PrairieSky Royalty from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research note on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$21.98.
PrairieSky Royalty Price Performance
Shares of TSE PSK opened at C$17.89 on Monday. The company has a debt-to-equity ratio of 17.37, a current ratio of 1.16 and a quick ratio of 1.14. PrairieSky Royalty has a 1-year low of C$12.75 and a 1-year high of C$20.42. The company has a market cap of C$4.27 billion and a price-to-earnings ratio of 16.72. The stock's 50-day moving average is C$17.21 and its two-hundred day moving average is C$17.60.PrairieSky Royalty (TSE:PSK – Get Rating) last posted its quarterly earnings results on Monday, July 18th. The company reported C$0.46 EPS for the quarter, beating the consensus estimate of C$0.38 by C$0.08. The company had revenue of C$198.10 million during the quarter.
Insider Buying and Selling at PrairieSky Royalty
In related news, Senior Officer Andrew Phillips purchased 7,000 shares of the business's stock in a transaction that occurred on Wednesday, July 20th. The stock was acquired at an average cost of C$18.09 per share, for a total transaction of C$126,648.20. Following the completion of the purchase, the insider now owns 662,204 shares in the company, valued at approximately C$11,980,992.09.
PrairieSky Royalty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.12 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.48 annualized dividend and a yield of 2.68%. PrairieSky Royalty's payout ratio is currently 39.25%.
About PrairieSky Royalty
(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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