Analysts Set PrairieSky Royalty Ltd. (TSE:PSK) Price Target at C$27.30

PrairieSky Royalty Ltd. (TSE:PSK) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$27.30.

PSK has been the topic of a number of recent research reports. ATB Capital increased their price objective on PrairieSky Royalty from C$27.00 to C$28.50 in a report on Tuesday, April 23rd. Royal Bank of Canada upped their price target on shares of PrairieSky Royalty from C$26.00 to C$27.00 in a report on Tuesday, April 23rd. CIBC lowered PrairieSky Royalty from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$27.50 to C$31.00 in a research note on Monday, April 22nd. Canaccord Genuity Group boosted their target price on PrairieSky Royalty from C$24.75 to C$28.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, National Bankshares raised their price target on PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a report on Friday, April 19th.

PrairieSky Royalty Price Performance

PrairieSky Royalty stock opened at C$26.14 on Monday. The business’s 50 day simple moving average is C$26.29 and its 200 day simple moving average is C$24.52. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$28.42. The company has a market cap of C$6.25 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 0.47 and a beta of 1.81. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 6.80.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.06. The business had revenue of C$136.60 million for the quarter. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. Sell-side analysts forecast that PrairieSky Royalty will post 1.0488722 EPS for the current year.

PrairieSky Royalty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. PrairieSky Royalty’s dividend payout ratio is 105.26%.

Insider Buying and Selling

In other PrairieSky Royalty news, Senior Officer Andrew Phillips acquired 3,800 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was bought at an average price of C$26.72 per share, with a total value of C$101,536.00. In related news, Senior Officer Andrew Phillips acquired 3,800 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average price of C$26.72 per share, for a total transaction of C$101,536.00. Also, Director Leanne M. Bellegarde sold 6,650 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total value of C$171,437.00. Insiders bought 17,100 shares of company stock worth $412,738 in the last quarter. 0.54% of the stock is owned by insiders.

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.