PrairieSky Royalty Ltd (PSK) Receives C$32.11 Consensus PT from Analysts
PrairieSky Royalty Ltd (TSE:PSK) has received an average rating of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$32.11.
PSK has been the topic of several recent research reports. Raymond James lowered their price objective on shares of PrairieSky Royalty from C$29.50 to C$28.50 and set a “market perform” rating on the stock in a research note on Tuesday, July 24th. CIBC lowered their price objective on shares of PrairieSky Royalty from C$32.00 to C$30.00 in a research note on Friday, October 5th. Canaccord Genuity lowered their price objective on shares of PrairieSky Royalty from C$35.00 to C$29.00 in a research note on Tuesday, July 10th. Finally, National Bank Financial upgraded shares of PrairieSky Royalty from a “sector perform overweight” rating to an “outperform overweight” rating and increased their price objective for the stock from C$30.00 to C$31.00 in a research note on Wednesday, July 18th.
In other news, insider Andrew Phillips bought 3,000 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were bought at an average price of C$24.75 per share, for a total transaction of C$74,250.00. Insiders bought a total of 3,850 shares of company stock worth $94,602 in the last quarter.
PrairieSky Royalty (TSE:PSK) last posted its earnings results on Monday, July 23rd. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.02. The business had revenue of C$76.20 million for the quarter. PrairieSky Royalty had a net margin of 43.61% and a return on equity of 5.87%.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Tuesday, October 30th.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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