PrairieSky Royalty Ltd. (TSE:PSK) Given Average Rating of “Hold” by Analysts

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$26.78.

A number of brokerages recently issued reports on PSK. National Bankshares decreased their price target on shares of PrairieSky Royalty from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 10th. Canaccord Genuity Group lifted their price target 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. BMO Capital Markets set a C$30.00 price target on shares of PrairieSky Royalty and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. CIBC decreased their price target on shares of PrairieSky Royalty from C$29.50 to C$27.50 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Finally, ATB Capital lifted their price target on shares of PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th.

PrairieSky Royalty Trading Down 0.5 %

Shares of PSK stock opened at C$27.54 on Thursday. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of C$6.58 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. The company has a 50 day moving average price of C$25.33 and a 200 day moving average price of C$24.32. PrairieSky Royalty has a fifty-two week low of C$20.41 and a fifty-two week high of C$28.42.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.06. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. The firm had revenue of C$136.60 million during the quarter. Equities research analysts predict that PrairieSky Royalty will post 1.0488722 EPS for the current fiscal year.

PrairieSky Royalty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Wednesday, March 27th. This is an increase from PrairieSky Royalty’s previous quarterly dividend of $0.24. PrairieSky Royalty’s payout ratio is currently 105.26%.

Insider Activity at PrairieSky Royalty

In related news, Director Leanne M. Bellegarde sold 6,650 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total value of C$171,437.00. In related news, Director Leanne M. Bellegarde sold 6,650 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total value of C$171,437.00. Also, Director Glenn Mcnamara purchased 12,800 shares of PrairieSky Royalty stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of C$23.28 per share, with a total value of C$297,999.36. 0.54% of the stock is owned by insiders.

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.