PrairieSky Royalty Ltd. (PSK) to Issue Quarterly Dividend of $0.25 on October 15th

PrairieSky Royalty Ltd. (TSE:PSK) announced a quarterly dividend on Monday, September 9th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.25 per share on Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Friday, September 27th.

PrairieSky Royalty Stock Down 0.5 %

PrairieSky Royalty stock traded down C$0.13 during trading hours on Wednesday, reaching C$26.18. The stock had a trading volume of 46,709 shares, compared to its average volume of 349,801. The company has a market cap of C$6.26 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.47 and a beta of 1.79. The business’s 50 day moving average price is C$27.17 and its 200-day moving average price is C$26.54. PrairieSky Royalty has a 52 week low of C$21.22 and a 52 week high of C$28.59. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65.

PrairieSky Royalty (TSE:PSK) last announced its earnings results on Monday, July 15th. The company reported C$0.25 earnings per share for the quarter. The company had revenue of C$135.60 million during the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. Sell-side analysts anticipate that PrairieSky Royalty will post 0.9548564 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank raised their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Royal Bank of Canada raised their target price on shares of PrairieSky Royalty from C$27.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Finally, ATB Capital upped their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$28.94.

PrairieSky Royalty Company Profile

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.