PrairieSky Royalty Ltd. (TSE:PSK) Receives Consensus Rating of "Hold" from Analysts

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) has received an average rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$30.60.

PSK has been the topic of several analyst reports. National Bankshares raised their target price on PrairieSky Royalty from C$33.00 to C$37.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 23rd. Scotiabank lifted their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. Raymond James raised shares of PrairieSky Royalty to a "hold" rating in a report on Thursday, October 17th. ATB Capital lifted their price objective on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Finally, Royal Bank of Canada raised shares of PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th.

PrairieSky Royalty Stock Performance

TSE PSK traded down C$0.31 on Monday, reaching C$27.73. 201,296 shares of the company's stock traded hands, compared to its average volume of 357,342. The stock has a 50 day moving average price of C$27.52 and a 200-day moving average price of C$27.06. The firm has a market cap of C$6.63 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.65 and a current ratio of 0.30. PrairieSky Royalty has a fifty-two week low of C$21.22 and a fifty-two week high of C$28.93.

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 given a $0.25 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 3.61%. PrairieSky Royalty's dividend payout ratio (DPR) is presently 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.