PrairieSky Royalty Ltd (PSK) Announces Monthly Dividend of $0.06
PrairieSky Royalty Ltd (TSE:PSK) announced a monthly dividend on Wednesday, June 28th, TickerTech reports. Stockholders of record on Monday, July 17th will be paid a dividend of 0.0625 per share on Monday, July 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, June 28th.
Shares of PrairieSky Royalty (TSE:PSK) traded up 1.73% during midday trading on Friday, hitting $28.83. The stock had a trading volume of 320,442 shares. The firm has a 50 day moving average price of $29.27 and a 200 day moving average price of $30.07. The stock has a market cap of $6.83 billion and a PE ratio of 169.59. PrairieSky Royalty has a one year low of $23.34 and a one year high of $34.32.
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A number of analysts have weighed in on the company. TD Securities increased their price objective on PrairieSky Royalty from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Scotiabank reaffirmed a “sector perform” rating and set a C$36.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, February 28th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$34.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, February 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$34.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, February 28th. Finally, GMP Securities decreased their price objective on PrairieSky Royalty from C$36.00 to C$35.00 in a research report on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. PrairieSky Royalty currently has a consensus rating of “Buy” and a consensus target price of C$34.50.
PrairieSky Royalty Company Profile
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. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 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 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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