PrairieSky Royalty (TSE:PSK) Price Target Increased to C$30.00 by Analysts at Stifel Nicolaus

PrairieSky Royalty (TSE:PSK) had its price objective increased by Stifel Nicolaus from C$27.00 to C$30.00 in a research report report published on Tuesday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also recently commented on PSK. Canaccord Genuity Group increased their price target on shares of PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a hold rating in a research report on Wednesday, April 17th. National Bankshares increased their price target on shares of PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an outperform rating in a research report on Friday, April 19th. CIBC cut shares of PrairieSky Royalty from an outperform rating to a neutral rating and increased their price target for the company from C$27.50 to C$31.00 in a research report on Monday. BMO Capital Markets increased their price target on shares of PrairieSky Royalty from C$30.00 to C$33.00 and gave the company a hold rating in a research report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of PrairieSky Royalty from C$26.00 to C$27.00 in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$27.30.

PrairieSky Royalty Trading Down 0.9 %

Shares of PSK opened at C$26.85 on Tuesday. The firm’s 50 day simple moving average is C$25.91 and its 200 day simple moving average is C$24.45. The company has a market capitalization of C$6.42 billion, a P/E ratio of 28.26, a P/E/G ratio of 0.47 and a beta of 1.81. The company has a debt-to-equity ratio of 6.80, a current ratio of 0.65 and a quick ratio of 0.65. PrairieSky Royalty has a 1-year low of C$20.69 and a 1-year high of C$28.42.

PrairieSky Royalty (TSE:PSK) last announced its earnings results 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 business had revenue of C$136.60 million for the quarter. Sell-side analysts forecast that PrairieSky Royalty will post 1.0488722 earnings per share for the current fiscal year.

PrairieSky Royalty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.25 dividend. This is a boost from PrairieSky Royalty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 3.72%. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 105.26%.

Insider Transactions at PrairieSky Royalty

In related news, Director Glenn Mcnamara purchased 12,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of C$23.28 per share, for a total transaction of C$297,999.36. In other news, Senior Officer Andrew Phillips acquired 3,800 shares of the stock in a transaction on Wednesday, April 24th. The stock was acquired at an average price of C$26.72 per share, with a total value of C$101,536.00. Also, Director Glenn Mcnamara acquired 12,800 shares of the stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of C$23.28 per share, with a total value of C$297,999.36. Company 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.