PrairieSky Royalty (PSK) to Release Earnings on Monday

PrairieSky Royalty (TSE:PSK - Get Free Report) will be issuing its quarterly earnings data after the market closes on Monday, October 28th.

PrairieSky Royalty Stock Performance

Shares of PSK stock traded up C$0.21 during trading hours on Monday, reaching C$28.06. 157,910 shares of the company's stock were exchanged, compared to its average volume of 357,959. PrairieSky Royalty has a fifty-two week low of C$21.22 and a fifty-two week high of C$28.93. The stock has a market capitalization of C$6.71 billion, a P/E ratio of 29.23, a P/E/G ratio of 0.47 and a beta of 1.78. The business has a fifty day moving average price of C$27.42 and a 200-day moving average price of C$27.02. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, September 27th. PrairieSky Royalty's dividend payout ratio is 104.17%.

Wall Street Analysts Forecast Growth

PSK has been the topic of several analyst reports. Royal Bank of Canada raised shares of PrairieSky Royalty from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$31.00 to C$33.00 in a report on Tuesday, September 17th. Atb Cap Markets raised PrairieSky Royalty from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. Raymond James raised shares of PrairieSky Royalty to a "hold" rating in a research note on Thursday. TD Securities lowered their target price on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 1st. Finally, ATB Capital lifted their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$30.20.

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.