PrairieSky Royalty Ltd (TSE:PSK) has been given an average recommendation of “Buy” by the ten research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$26.54.
PSK has been the subject of several analyst reports. Canaccord Genuity lowered their price target on shares of PrairieSky Royalty from C$29.00 to C$26.00 in a report on Tuesday, October 16th. Royal Bank of Canada lowered their price target on shares of PrairieSky Royalty from C$32.00 to C$26.00 in a report on Tuesday, January 8th. GMP Securities lowered their price target on shares of PrairieSky Royalty from C$29.00 to C$22.00 in a report on Thursday, December 13th. CIBC lowered their price target on shares of PrairieSky Royalty from C$30.00 to C$25.00 in a report on Thursday, November 22nd. Finally, Macquarie lowered their price target on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 30th.
PrairieSky Royalty stock traded down C$0.36 during mid-day trading on Tuesday, hitting C$18.29. 264,716 shares of the stock were exchanged, compared to its average volume of 411,675. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 1.34. PrairieSky Royalty has a 12 month low of C$15.71 and a 12 month high of C$31.90. The firm has a market cap of $4.36 billion and a price-to-earnings ratio of 38.25.
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 4.26%. The ex-dividend date is Wednesday, January 30th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 159.90%.
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; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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