PrairieSky Royalty Ltd (PSK) Set to Announce Quarterly Earnings on Monday
PrairieSky Royalty Ltd (TSE:PSK) will be posting its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect PrairieSky Royalty to post earnings of $0.08 per share for the quarter.
PrairieSky Royalty Ltd (PSK) opened at 28.11 on Monday. The firm has a 50-day moving average of $29.24 and a 200-day moving average of $29.90. The company has a market cap of $6.66 billion and a price-to-earnings ratio of 165.35. PrairieSky Royalty Ltd has a 52 week low of $24.63 and a 52 week high of $34.32.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, July 27th.
PSK has been the subject of several recent analyst reports. 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, April 25th. National Bank Financial reduced their price objective on shares of PrairieSky Royalty from C$30.00 to C$29.00 in a research report on Friday, June 23rd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$34.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Scotiabank reissued a “sector perform” rating and issued a C$36.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Finally, TD Securities reissued a “buy” rating and issued a C$35.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$34.50.
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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. 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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