PrairieSky Royalty Ltd (PSK) Given Average Rating of “Hold” by Analysts
PrairieSky Royalty Ltd (TSE:PSK) has received an average recommendation of “Buy” from the fourteen research firms that are presently covering the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$28.70.
Several research firms have recently commented on PSK. FirstEnergy Capital upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 28th. Scotiabank restated an “outperform” rating and issued a C$28.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, July 26th. TD Securities restated a “buy” rating and issued a C$31.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, July 26th. AltaCorp Capital lowered PrairieSky Royalty from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 7th. Finally, RBC Capital Markets upped their price objective on PrairieSky Royalty from C$28.00 to C$29.00 in a research note on Thursday.
Shares of PrairieSky Royalty (TSE:PSK) opened at 28.79 on Monday. The firm’s 50-day moving average price is $26.95 and its 200 day moving average price is $25.50. The company has a market cap of $6.58 billion and a price-to-earnings ratio of 323.48. PrairieSky Royalty has a 52 week low of $17.15 and a 52 week high of $28.95.
The firm also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.50%.
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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