PrairieSky Royalty Ltd (PSK) To Go Ex-Dividend on September 28th
PrairieSky Royalty Ltd (TSE:PSK) declared a monthly dividend on Wednesday, September 28th. Stockholders of record on Monday, October 17th will be paid a dividend of 0.06 per share on Monday, October 17th. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of PrairieSky Royalty (TSE:PSK) traded down 1.09% during trading on Friday, hitting $26.37. 50,203 shares of the stock traded hands. The company’s 50 day moving average is $26.55 and its 200 day moving average is $25.21. PrairieSky Royalty has a 52-week low of $17.15 and a 52-week high of $29.66. The firm has a market cap of $6.03 billion and a PE ratio of 296.29.
Several analysts recently commented on PSK shares. Raymond James Financial Inc. set a C$28.00 price objective on shares of PrairieSky Royalty in a research note on Monday, June 6th. Canaccord Genuity reiterated a “buy” rating and issued a C$31.00 price objective on shares of PrairieSky Royalty in a research note on Monday, June 13th. BMO Capital Markets raised their price objective on shares of PrairieSky Royalty from C$25.50 to C$27.00 in a research note on Thursday, June 30th. AltaCorp Capital cut shares of PrairieSky Royalty from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 7th. Finally, Barclays PLC raised their price objective on shares of PrairieSky Royalty from C$26.00 to C$28.00 in a research note on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. PrairieSky Royalty presently has an average rating of “Hold” and an average price target of C$27.73.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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