PrairieSky Royalty Ltd (TSE:PSK) to Issue $0.06 Monthly Dividend
PrairieSky Royalty Ltd (TSE:PSK) declared a monthly dividend on Thursday, July 27th, TickerTech reports. Investors of record on Tuesday, August 15th will be paid a dividend of 0.0625 per share on Tuesday, August 15th. This represents a $0.75 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, July 27th.
PrairieSky Royalty (TSE:PSK) traded up 0.21% on Friday, reaching $28.76. 116,948 shares of the company’s stock traded hands. PrairieSky Royalty has a 12 month low of $24.77 and a 12 month high of $34.32. The firm has a market cap of $6.81 billion and a PE ratio of 169.18. The firm’s 50-day moving average is $28.82 and its 200 day moving average is $29.55.
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A number of equities analysts recently commented on the company. Royal Bank Of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$34.00 to C$38.00 in a report on Thursday, May 25th. Raymond James Financial, Inc. upped their price target on PrairieSky Royalty from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. Scotiabank reaffirmed a “sector perform” rating and issued a C$36.00 price target on shares of PrairieSky Royalty in a research note on Tuesday, April 25th. TD Securities reaffirmed a “buy” rating and issued a C$35.00 price target on shares of PrairieSky Royalty in a research note on Tuesday, April 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$31.00 price target on shares of PrairieSky Royalty in a research note 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. The stock has an average rating of “Buy” and a consensus target price of C$34.10.
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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