PrairieSky Royalty Ltd. (TSE:PSK) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$30.80.

A number of research analysts have recently commented on PSK shares. BMO Capital Markets increased their target price on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a "strong-buy" rating in a research report on Tuesday, October 29th. National Bankshares boosted their price target on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Atb Cap Markets raised shares of PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. Raymond James raised shares of PrairieSky Royalty to a "hold" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada raised shares of PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$31.00 to C$33.00 in a report on Tuesday, September 17th.

Insider Activity

In related news, Senior Officer Daniel James Bertram acquired 7,670 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of C$28.20 per share, with a total value of C$216,290.93. Insiders own 0.54% of the company's stock.

PrairieSky Royalty Price Performance

TSE PSK traded up C$0.30 during trading hours on Friday, reaching C$30.60. The company's stock had a trading volume of 368,500 shares, compared to its average volume of 356,676. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$30.66. The firm's 50-day moving average price is C$28.07 and its 200-day moving average price is C$27.20. The company has a market capitalization of C$7.31 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 0.47 and a beta of 1.78.

PrairieSky Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, September 27th. PrairieSky Royalty's payout ratio is currently 104.17%.

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.