PrairieSky Royalty Ltd (TSE:PSK) has been given an average rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$35.39.
Several brokerages recently issued reports on PSK. Raymond James Financial lowered PrairieSky Royalty from an “outperform” rating to a “market perform” rating and set a C$34.00 price objective for the company. in a research report on Tuesday, October 31st. GMP Securities boosted their price objective on PrairieSky Royalty from C$33.00 to C$35.50 in a research report on Wednesday, November 1st. CIBC boosted their price objective on PrairieSky Royalty from C$35.00 to C$38.00 in a research report on Tuesday, October 17th. National Bank Financial decreased their price objective on PrairieSky Royalty from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Friday, October 13th. Finally, BMO Capital Markets boosted their price objective on PrairieSky Royalty from C$30.00 to C$35.00 in a research report on Tuesday, October 10th.
In other news, Director Sheldon Brooks Steeves sold 7,714 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of C$35.62, for a total transaction of C$274,772.68. Also, Director James Estey sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$32.82, for a total value of C$3,282,000.00.
PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings data on Monday, October 30th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.04. PrairieSky Royalty had a return on equity of 2.83% and a net margin of 27.06%.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.063 dividend. This is a boost from PrairieSky Royalty’s previous monthly dividend of $0.06. The ex-dividend date is Tuesday, January 30th. This represents a $0.76 annualized dividend and a yield of 2.37%. PrairieSky Royalty’s payout ratio is presently 179.88%.
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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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