PrairieSky Royalty Ltd (PSK) PT Raised to C$29.00 at Barclays PLC
PrairieSky Royalty Ltd (TSE:PSK) had its price objective lifted by stock analysts at Barclays PLC from C$28.00 to C$29.00 in a note issued to investors on Tuesday. Barclays PLC’s price objective would suggest a potential upside of 1.40% from the stock’s current price.
Other analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on PrairieSky Royalty from C$25.50 to C$27.00 in a research report on Thursday, June 30th. Canaccord Genuity restated a “buy” rating and issued a C$31.00 target price on shares of PrairieSky Royalty in a research report on Monday, June 13th. TD Securities restated a “buy” rating and issued a C$31.00 target price on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. Raymond James Financial Inc. boosted their target price on PrairieSky Royalty from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, September 12th. Finally, FirstEnergy Capital upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$27.82.
Shares of PrairieSky Royalty (TSE:PSK) traded up 0.17% during trading on Tuesday, hitting $28.65. The company had a trading volume of 134,935 shares. The company’s 50 day moving average is $26.70 and its 200 day moving average is $25.40. PrairieSky Royalty has a 1-year low of $17.15 and a 1-year high of $28.95. The firm has a market capitalization of $6.55 billion and a P/E ratio of 321.91.
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The firm also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.52%.
About PrairieSky Royalty
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. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 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 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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