PrairieSky Royalty (TSE:PSK) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

PrairieSky Royalty Ltd. (TSE:PSK) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$27.31 and traded as high as C$28.29. PrairieSky Royalty shares last traded at C$28.27, with a volume of 293,047 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on PSK shares. TD Securities dropped their target price on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 1st. ATB Capital raised their price objective on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. Scotiabank raised their price target on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Finally, National Bankshares upped their price objective on PrairieSky Royalty from C$31.00 to C$33.00 in a research report on Friday, September 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PrairieSky Royalty presently has a consensus rating of “Hold” and an average price target of C$30.20.

PrairieSky Royalty Trading Up 0.4 %

The firm’s 50-day simple moving average is C$27.33 and its 200 day simple moving average is C$26.97. The stock has a market cap of C$6.71 billion, a P/E ratio of 29.23, a PEG ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40.

PrairieSky Royalty (TSE:PSK) last released its earnings results on Monday, July 15th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$135.60 million for the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%.

PrairieSky Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 104.17%.

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.