Shares of PrairieSky Royalty Ltd (TSE:PSK) have been given a consensus recommendation of “Buy” by the eleven brokerages that are presently covering the firm, reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$33.80.

A number of research analysts have commented on the company. Royal Bank Of Canada upped their price objective on PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday. GMP Securities upped their price objective on PrairieSky Royalty from C$30.00 to C$31.00 in a report on Wednesday. National Bank Financial decreased their price objective on PrairieSky Royalty from C$30.00 to C$29.00 in a report on Friday, June 23rd. Raymond James Financial, Inc. upped their price objective on PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Friday, May 26th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$35.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, April 25th.

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Shares of PrairieSky Royalty (TSE:PSK) traded down 0.67% during midday trading on Friday, hitting $30.92. 306,826 shares of the stock traded hands. PrairieSky Royalty has a 12-month low of $24.83 and a 12-month high of $34.32. The firm’s 50 day moving average price is $28.97 and its 200 day moving average price is $29.49. The company has a market capitalization of $7.32 billion and a PE ratio of 181.88.

PrairieSky Royalty (TSE:PSK) last posted its earnings results on Monday, July 24th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. The business had revenue of $102.20 million for the quarter. PrairieSky Royalty had a return on equity of 3.14% and a net margin of 25.90%. Analysts expect that PrairieSky Royalty will post $0.39 EPS for the current year.

The business 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 dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, July 27th.

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.

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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