PrairieSky Royalty (TSE:PSK – Free Report) had its price objective decreased by TD Securities from C$26.00 to C$25.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.
PSK has been the topic of several other reports. ATB Capital increased their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Scotiabank increased their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. Royal Bank of Canada raised shares of PrairieSky Royalty from a sector perform rating to an outperform rating and increased their price target for the company from C$31.00 to C$33.00 in a report on Tuesday, September 17th. Finally, National Bankshares increased their price target on shares of PrairieSky Royalty from C$31.00 to C$33.00 in a report on Friday, September 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$30.20.
Get Our Latest Stock Analysis on PSK
PrairieSky Royalty Trading Up 0.6 %
PrairieSky Royalty (TSE:PSK – Get Free Report) last issued its earnings results on Monday, July 15th. The company reported C$0.25 earnings per share (EPS) for the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. The business had revenue of C$135.60 million during the quarter. Sell-side analysts forecast that PrairieSky Royalty will post 0.9572503 earnings per share for the current year.
PrairieSky Royalty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 3.53%. PrairieSky Royalty’s dividend payout ratio is presently 104.17%.
About PrairieSky Royalty
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.
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