Tudor Pickering reaffirmed their hold rating on shares of PrairieSky Royalty (TSE:PSK) in a report released on Tuesday morning, Stock Target Advisor reports. Tudor Pickering currently has a C$16.00 target price on the stock.

Several other research analysts have also recently weighed in on PSK. Tudor Pickering & Holt set a C$16.00 price objective on PrairieSky Royalty and gave the stock a hold rating in a research report on Tuesday. Royal Bank of Canada cut PrairieSky Royalty from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$21.00 to C$17.00 in a research report on Tuesday, October 29th. Raymond James reiterated an outperform rating and set a C$19.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday. Canaccord Genuity reduced their target price on PrairieSky Royalty from C$21.00 to C$18.00 in a report on Tuesday, October 29th. Finally, TD Securities increased their target price on PrairieSky Royalty from C$22.00 to C$23.00 and gave the stock a buy rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. PrairieSky Royalty currently has a consensus rating of Hold and an average target price of C$17.56.

PSK stock opened at C$14.45 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.78. The stock has a market capitalization of $3.37 billion and a price-to-earnings ratio of 36.31. The business’s fifty day moving average price is C$15.14 and its two-hundred day moving average price is C$15.68. PrairieSky Royalty has a fifty-two week low of C$11.99 and a fifty-two week high of C$20.73.

The business also recently announced a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Thursday, February 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 195.98%.

About PrairieSky Royalty

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.

Further Reading: Initial Coin Offerings entail a high degree of risk

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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