FY2018 EPS Estimates for PrairieSky Royalty Ltd Increased by National Bank Financial (PSK)
PrairieSky Royalty Ltd (TSE:PSK) – Stock analysts at National Bank Financial increased their FY2018 earnings per share estimates for shares of PrairieSky Royalty in a report released on Monday. National Bank Financial analyst T. Wood now anticipates that the company will earn $0.24 per share for the year, up from their previous forecast of $0.23.
PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $102.20 million during the quarter. PrairieSky Royalty had a net margin of 25.90% and a return on equity of 3.14%. COPYRIGHT VIOLATION NOTICE: “FY2018 EPS Estimates for PrairieSky Royalty Ltd Increased by National Bank Financial (PSK)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/07/26/fy2018-eps-estimates-for-prairiesky-royalty-ltd-increased-by-national-bank-financial-psk.html.
Several other equities analysts have also commented on PSK. Royal Bank Of Canada reiterated 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. BMO Capital Markets reiterated a “market perform” rating and set a C$31.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$34.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Scotiabank reiterated a “sector perform” rating and set a C$36.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Finally, TD Securities reiterated a “buy” rating and set a C$35.00 price objective 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of C$33.80.
PrairieSky Royalty (PSK) traded down 0.20% during mid-day trading on Wednesday, reaching $30.60. 1,099,936 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $28.82 and a 200-day moving average price of $29.55. PrairieSky Royalty has a 12-month low of $24.63 and a 12-month high of $34.32. The stock has a market capitalization of $7.25 billion and a PE ratio of 180.00.
The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th will be issued a $0.0625 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.75 annualized dividend and a dividend yield of 2.45%.
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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