PrairieSky Royalty Ltd (PSK) Given Consensus Rating of “Hold” by Analysts
Shares of PrairieSky Royalty Ltd (TSE:PSK) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$35.39.
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. TD Securities downgraded PrairieSky Royalty from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$33.00 to C$32.00 in a research report on Monday, October 2nd. Raymond James Financial downgraded PrairieSky Royalty from an “outperform” rating to a “market perform” rating and set a C$34.00 target price for the company. in a research report on Tuesday, October 31st. CIBC upped their target price on PrairieSky Royalty from C$35.00 to C$38.00 in a research report on Tuesday, October 17th. Finally, Scotiabank upped their target price on PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 31st.
In other PrairieSky Royalty news, Director Sheldon Brooks Steeves sold 7,714 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of C$35.62, for a total transaction of C$274,772.68. Also, Director James Estey sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$32.82, for a total value of C$3,282,000.00.
PrairieSky Royalty (TSE:PSK) last issued its earnings results on Monday, October 30th. The company reported C$0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.04 by C$0.04. PrairieSky Royalty had a return on equity of 2.83% and a net margin of 27.06%.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.063 dividend. This is a boost from PrairieSky Royalty’s previous monthly dividend of $0.06. The ex-dividend date is Tuesday, January 30th. This represents a $0.76 annualized dividend and a dividend yield of 2.42%. PrairieSky Royalty’s payout ratio is 179.88%.
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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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