PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$28.65 and last traded at C$28.65, with a volume of 239856 shares traded. The stock had previously closed at C$28.30.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Scotiabank increased their price target on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research note on Friday, July 12th. TD Securities reduced their target price on PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 1st. 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. ATB Capital lifted their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Finally, National Bankshares boosted their price target on PrairieSky Royalty from C$31.00 to C$33.00 in a research note on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PrairieSky Royalty presently has a consensus rating of “Hold” and a consensus price target of C$30.20.
View Our Latest Research Report on PSK
PrairieSky Royalty Stock Down 0.1 %
PrairieSky Royalty (TSE:PSK – Get Free Report) last released its quarterly 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 firm had revenue of C$135.60 million during the quarter.
PrairieSky Royalty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a $0.25 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.55%. PrairieSky Royalty’s dividend payout ratio (DPR) 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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