PrairieSky Royalty (PSK) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$29.16 to C$29.77
• 50-Day Range: C$26.15 to C$29.71
• 52-Week Range: C$21.22 to C$29.77
• Volume: 420,500 shs
• Average Volume: 357,740 shs
• Market Capitalization: C$6.99 billion
• P/E Ratio: 30.45
• Dividend Yield: 3.42%
• Price Target: C$30.80
• Consensus Rating: Moderate Buy

PrairieSky Royalty Stock Analysis - MarketRank™

PrairieSky Royalty scored higher than 63% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PrairieSky Royalty has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

PrairieSky Royalty has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of PrairieSky Royalty is 30.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.14.

Price to Earnings Ratio vs. Sector

The P/E ratio of PrairieSky Royalty is 30.45, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 105.98.

Price to Earnings Growth Ratio

PrairieSky Royalty has a PEG Ratio of 0.47. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

PrairieSky Royalty has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PSK.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

PrairieSky Royalty is a leading dividend payer. It pays a dividend yield of 3.53%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

PrairieSky Royalty does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PrairieSky Royalty is 104.17%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PSK.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

2 people have searched for PSK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

2 people have added PrairieSky Royalty to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, PrairieSky Royalty insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$216,291.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.54% of the stock of PrairieSky Royalty is held by insiders.

Percentage Held by Institutions

66.04% of the stock of PrairieSky Royalty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PSK Stock Analysis - Frequently Asked Questions

How have PSK shares performed this year?

PrairieSky Royalty's stock was trading at C$23.20 at the beginning of 2024. Since then, PSK stock has increased by 26.0% and is now trading at C$29.23.
View the best growth stocks for 2024 here.

How were PrairieSky Royalty's earnings last quarter?

PrairieSky Royalty Ltd. (TSE:PSK) issued its quarterly earnings data on Monday, July, 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. The company had revenue of $102.20 million for the quarter. PrairieSky Royalty had a trailing twelve-month return on equity of 8.37% and a net margin of 46.81%.

How do I buy shares of PrairieSky Royalty?

Shares of PSK stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of PrairieSky Royalty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PrairieSky Royalty investors own include Whitecap Resources (WCP), Toronto-Dominion Bank (TD), TELUS (T), Cenovus Energy (CVE), Enbridge (ENB), Freehold Royalties (FRU) and Bank of Nova Scotia (BNS).

Company Calendar

• Last Earnings: 7/24/2017
• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 2/10/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: TSE:PSK
• CUSIP: N/A
• CIK: N/A
• Web: www.prairiesky.com
• Phone: +1-587-2934000
• Fax: N/A
• Employees: 65
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$30.80
• High Stock Price Target: C$37.00
• Low Stock Price Target: C$26.00
• Potential Upside/Downside: +5.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.96
• Trailing P/E Ratio: 30.45
• Forward P/E Ratio: N/A
• P/E Growth: 0.47
• Net Income: C$230.60 million
• Net Margins: 46.81%
• Pretax Margin: N/A
• Return on Equity: 8.37%
• Return on Assets: 5.99%

Debt

• Debt-to-Equity Ratio: 5.40
• Current Ratio: 0.30
• Quick Ratio: 0.65

Sales & Book Value

• Annual Sales: C$492.60 million
• Price / Sales: 14.18
• Cash Flow: C$0.06 per share
• Price / Cash Flow: 450.00
• Book Value: C$11.53 per share
• Price / Book: 2.54

Miscellaneous

• Outstanding Shares: 239,000,000
• Free Float: N/A
• Market Cap: C$6.99 billion
• Optionable: Not Optionable
• Beta: 1.78