PrairieSky Royalty (TSE:PSK) Given New C$34.00 Price Target at BMO Capital Markets

PrairieSky Royalty (TSE:PSK) had its price target boosted by BMO Capital Markets from C$33.00 to C$34.00 in a research report released on Tuesday, Marketbeat.com reports. BMO Capital Markets currently has a strong-buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. ATB Capital lifted their price objective on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. TD Securities cut their price objective on PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. Scotiabank upped their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. Finally, Royal Bank of Canada upgraded shares of PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, PrairieSky Royalty presently has an average rating of “Moderate Buy” and an average price target of C$30.80.

PrairieSky Royalty Price Performance

PrairieSky Royalty stock opened at C$27.22 on Tuesday. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The business has a 50 day simple moving average of C$27.60 and a 200-day simple moving average of C$27.07. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$28.93. The stock has a market capitalization of C$6.51 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78.

PrairieSky Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.25 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. PrairieSky Royalty’s dividend payout ratio is presently 104.17%.

Insider Transactions at PrairieSky Royalty

In related news, Senior Officer Daniel James Bertram bought 7,670 shares of PrairieSky Royalty stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of C$28.20 per share, with a total value of C$216,290.93. Corporate insiders own 0.54% of the company’s stock.

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.