PrairieSky Royalty Ltd (PSK) to Issue $0.06 Monthly Dividend
PrairieSky Royalty Ltd (TSE:PSK) declared a monthly dividend on Tuesday, August 29th, TickerTech reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.0625 per share on Friday, September 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, August 29th.
PrairieSky Royalty (PSK) traded down 1.70% on Monday, hitting $28.37. 194,208 shares of the stock traded hands. The firm’s 50 day moving average is $29.15 and its 200 day moving average is $29.17. PrairieSky Royalty has a 52 week low of $25.49 and a 52 week high of $34.32. The stock has a market cap of $6.71 billion and a price-to-earnings ratio of 77.30.
PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. PrairieSky Royalty had a net margin of 39.63% and a return on equity of 5.85%. The company had revenue of $102.20 million for the quarter. Equities analysts anticipate that PrairieSky Royalty will post $0.39 earnings per share for the current year.
PSK has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. National Bank Financial reduced their price target on shares of PrairieSky Royalty from C$30.00 to C$29.00 in a research report on Friday, June 23rd. GMP Securities raised their target price on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. raised their target price on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. PrairieSky Royalty presently has a consensus rating of “Buy” and a consensus price target of C$33.80.
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PrairieSky Royalty Company Profile
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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