PrairieSky Royalty Ltd. (TSE:PSK) Receives Consensus Rating of “Moderate Buy” from Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$32.25.

A number of research analysts recently commented on the company. Roth Mkm upgraded PrairieSky Royalty to a “strong-buy” rating in a report on Thursday, April 30th. Raymond James Financial cut PrairieSky Royalty from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$35.00 to C$35.50 in a report on Monday, March 30th.

PrairieSky Royalty Stock Performance

PSK opened at C$31.93 on Monday. PrairieSky Royalty has a one year low of C$23.17 and a one year high of C$35.89. The stock has a market capitalization of C$7.42 billion, a PE ratio of 37.13, a P/E/G ratio of 0.47 and a beta of 0.75. The business’s 50 day moving average price is C$33.35 and its 200 day moving average price is C$30.76. The company has a debt-to-equity ratio of 9.36, a quick ratio of 0.65 and a current ratio of 0.83.

PrairieSky Royalty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a $0.265 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.06 dividend on an annualized basis and a yield of 3.3%. PrairieSky Royalty’s dividend payout ratio is currently 121.51%.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.