PrairieSky Royalty Ltd. (TSE:PSK) Receives C$27.30 Consensus PT from Brokerages

PrairieSky Royalty Ltd. (TSE:PSK) has received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$27.30.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of PrairieSky Royalty from C$27.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada raised their target price on PrairieSky Royalty from C$26.00 to C$27.00 in a report on Tuesday, April 23rd. BMO Capital Markets lifted their target price on PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. National Bankshares raised their price objective on PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, Canaccord Genuity Group upped their target price on shares of PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th.

PrairieSky Royalty Trading Down 1.3 %

TSE PSK opened at C$26.00 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.32 and a debt-to-equity ratio of 6.39. PrairieSky Royalty has a 52 week low of C$21.22 and a 52 week high of C$28.42. The business has a 50 day moving average price of C$26.33 and a 200-day moving average price of C$25.04. The company has a market cap of C$6.21 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, April 22nd. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.01. PrairieSky Royalty had a net margin of 45.90% and a return on equity of 7.91%. The business had revenue of C$120.70 million during the quarter. As a group, equities analysts expect that PrairieSky Royalty will post 0.9703787 earnings per share for the current fiscal year.

PrairieSky Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, June 28th. PrairieSky Royalty’s payout ratio is 109.89%.

Insider Activity

In related news, Senior Officer Andrew Phillips purchased 3,800 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were bought at an average price of C$26.72 per share, with a total value of C$101,536.00. Insiders purchased 11,300 shares of company stock valued at $294,989 in the last three months. Company insiders own 0.53% of the company’s stock.

About PrairieSky Royalty

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.