Research Analysts Offer Predictions for PrairieSky Royalty Ltd.’s Q1 2024 Earnings (TSE:PSK)

PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) – Analysts at Stifel Firstegy issued their Q1 2024 EPS estimates for PrairieSky Royalty in a research report issued to clients and investors on Thursday, May 18th. Stifel Firstegy analyst M. Dunn anticipates that the company will post earnings per share of $0.20 for the quarter. The consensus estimate for PrairieSky Royalty’s current full-year earnings is $1.09 per share. Stifel Firstegy also issued estimates for PrairieSky Royalty’s Q2 2024 earnings at $0.20 EPS, Q3 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.21 EPS and FY2024 earnings at $0.81 EPS.

PrairieSky Royalty (TSE:PSK – Get Rating) last issued its earnings results on Monday, April 17th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.01). PrairieSky Royalty had a return on equity of 11.50% and a net margin of 51.42%. The firm had revenue of C$126.10 million during the quarter, compared to the consensus estimate of C$108.00 million.

PSK has been the subject of several other research reports. Canaccord Genuity Group lowered their price objective on PrairieSky Royalty from C$24.00 to C$23.75 in a research report on Wednesday, March 29th. CIBC lowered their price objective on PrairieSky Royalty from C$27.00 to C$26.50 in a research report on Tuesday, April 18th. National Bankshares lowered their price objective on PrairieSky Royalty from C$25.00 to C$23.00 in a research report on Tuesday, April 18th. Royal Bank of Canada lifted their price target on PrairieSky Royalty from C$25.00 to C$26.00 in a research report on Tuesday, February 7th. Finally, TD Securities lowered PrairieSky Royalty from a “buy” rating to a “hold” rating and set a C$24.00 price target for the company. in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, PrairieSky Royalty has an average rating of “Moderate Buy” and a consensus target price of C$25.13.

PrairieSky Royalty Stock Performance

Shares of PSK stock opened at C$23.13 on Monday. The stock has a fifty day moving average of C$21.54 and a 200 day moving average of C$21.76. PrairieSky Royalty has a 52 week low of C$15.08 and a 52 week high of C$23.55. The firm has a market capitalization of C$5.53 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.47 and a beta of 1.87. The company has a quick ratio of 0.65, a current ratio of 0.80 and a debt-to-equity ratio of 9.57.

PrairieSky Royalty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.15%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 73.28%.

About PrairieSky Royalty

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PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.