PrairieSky Royalty Ltd. (PSK) To Go Ex-Dividend on September 27th

PrairieSky Royalty Ltd. (TSE:PSK) announced a quarterly dividend on Monday, September 9th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.25 per share on Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Friday, September 27th.

PrairieSky Royalty Price Performance

Shares of PSK stock opened at C$27.99 on Wednesday. The firm’s 50 day moving average is C$27.26 and its 200-day moving average is C$26.69. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. The firm has a market capitalization of C$6.69 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 0.47 and a beta of 1.79. PrairieSky Royalty has a 1 year low of C$21.22 and a 1 year high of C$28.59.

PrairieSky Royalty (TSE:PSK) last released its earnings results on Monday, July 15th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$135.60 million during the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. Sell-side analysts forecast that PrairieSky Royalty will post 0.9572503 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. ATB Capital upped their price objective on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. Finally, Scotiabank increased their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PrairieSky Royalty presently has a consensus rating of “Hold” and a consensus target price of C$29.17.

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.