PrairieSky Royalty Ltd (PSK) Receives Consensus Recommendation of “Buy” from Analysts
PrairieSky Royalty Ltd (TSE:PSK) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$33.80.
PSK has been the topic of a number of research reports. GMP Securities boosted their price target on PrairieSky Royalty from C$30.00 to C$31.00 in a report on Wednesday, July 26th. Royal Bank Of Canada dropped their target price on PrairieSky Royalty from C$38.00 to C$34.00 in a report on Thursday, July 20th. National Bank Financial dropped their target price on PrairieSky Royalty from C$30.00 to C$29.00 in a report on Friday, June 23rd. Finally, Raymond James Financial, Inc. upped their target price on PrairieSky Royalty from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, May 26th.
Shares of PrairieSky Royalty (TSE PSK) traded down 0.66% on Friday, hitting $31.59. The stock had a trading volume of 728,071 shares. PrairieSky Royalty has a one year low of $25.67 and a one year high of $34.32. The firm’s 50 day moving average is $29.57 and its 200-day moving average is $29.17. The stock has a market capitalization of $7.47 billion and a PE ratio of 86.08.
PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, July 24th. The company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.09. The company had revenue of C$102.20 million for the quarter. PrairieSky Royalty had a return on equity of 5.85% and a net margin of 39.63%. Equities research analysts expect that PrairieSky Royalty will post $0.38 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 15th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.75 annualized dividend and a yield of 2.37%.
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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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