PrairieSky Royalty Ltd (PSK) Receives Consensus Rating of “Buy” from Brokerages
Shares of PrairieSky Royalty Ltd (TSE:PSK) have been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$33.80.
Several research analysts have commented on the stock. GMP Securities lifted their price objective on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a research note on Wednesday, July 26th. Royal Bank Of Canada lifted their price objective on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Raymond James Financial, Inc. lifted their price objective on shares of 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 set a C$36.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, April 25th. Finally, TD Securities reaffirmed a “buy” rating and set a C$35.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, April 25th.
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Shares of PrairieSky Royalty (TSE PSK) traded up 3.27% during midday trading on Tuesday, reaching $28.70. 681,316 shares of the company’s stock traded hands. The company has a market capitalization of $6.79 billion and a price-to-earnings ratio of 78.20. The company has a 50-day moving average of $29.18 and a 200-day moving average of $29.19. PrairieSky Royalty has a one year low of $25.49 and a one year high of $34.32.
PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. The company had revenue of $102.20 million during the quarter. PrairieSky Royalty had a net margin of 39.63% and a return on equity of 5.85%. Equities research analysts anticipate that PrairieSky Royalty will post $0.39 EPS for the current year.
The business also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, July 27th.
About PrairieSky Royalty
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; and 6.7 million acres of GORR Lands.
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