Analysts Set PrairieSky Royalty Ltd (PSK) Price Target at $33.80
Shares of PrairieSky Royalty Ltd (TSE:PSK) have been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$33.80.
PSK has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. National Bank Financial reduced their price objective on shares of PrairieSky Royalty from C$30.00 to C$29.00 in a research report on Friday, June 23rd. GMP Securities raised their price objective on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a research report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. raised their price objective on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Friday, May 26th.
Shares of PrairieSky Royalty (TSE:PSK) traded down 0.84% during trading on Friday, hitting $31.69. The company had a trading volume of 895,786 shares. The firm has a market capitalization of $7.50 billion and a P/E ratio of 86.35. The stock’s 50-day moving average is $29.61 and its 200 day moving average is $29.17. PrairieSky Royalty has a 52-week low of $25.67 and a 52-week high of $34.32.
PrairieSky Royalty (TSE:PSK) last announced its earnings results on Monday, July 24th. The company reported C$0.17 earnings per share for the quarter, topping the consensus estimate of C$0.08 by C$0.09. PrairieSky Royalty had a net margin of 39.63% and a return on equity of 5.85%. The business had revenue of C$102.20 million during the quarter. Equities research analysts predict that PrairieSky Royalty will post $0.38 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 15th were given a $0.0625 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 2.35%.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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