PrairieSky Royalty Ltd (TSE:PSK) – Stock analysts at National Bank Financial raised their FY2017 earnings per share (EPS) estimates for PrairieSky Royalty in a research note issued to investors on Monday. National Bank Financial analyst T. Wood now anticipates that the company will post earnings of $0.40 per share for the year, up from their prior estimate of $0.34. National Bank Financial also issued estimates for PrairieSky Royalty’s FY2018 earnings at $0.28 EPS.

Other analysts also recently issued research reports about the stock. GMP Securities upped their price target on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a report on Wednesday, July 26th. Royal Bank Of Canada reduced their price objective on shares of PrairieSky Royalty from C$38.00 to C$34.00 in a research note on Thursday, July 20th. CIBC upped their price objective on shares of PrairieSky Royalty from C$38.00 to C$40.00 in a research note on Tuesday. Barclays PLC upped their price objective on shares of PrairieSky Royalty from C$28.00 to C$32.00 in a research note on Monday. Finally, BMO Capital Markets upped their price objective on shares of PrairieSky Royalty from C$30.00 to C$35.00 in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. PrairieSky Royalty currently has a consensus rating of “Buy” and a consensus target price of C$34.90.

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PrairieSky Royalty (PSK) opened at 34.34 on Wednesday. PrairieSky Royalty has a 1-year low of $27.10 and a 1-year high of $34.81. The firm has a 50-day moving average of $32.10 and a 200-day moving average of $29.94. The stock has a market capitalization of $8.12 billion and a price-to-earnings ratio of 93.57.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, October 30th.

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.

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