PrairieSky Royalty (TSE:PSK) had its target price lowered by Canaccord Genuity from C$36.00 to C$35.00 in a research note published on Tuesday morning.

A number of other equities research analysts also recently issued reports on PSK. Barclays increased their price objective on shares of PrairieSky Royalty from C$28.00 to C$32.00 in a research note on Monday, October 30th. GMP Securities increased their target price on shares of PrairieSky Royalty from C$33.00 to C$35.50 in a report on Wednesday, November 1st. Scotiabank increased their target price on shares of PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock a sector perform rating in a report on Tuesday, October 31st. Raymond James Financial cut shares of PrairieSky Royalty from an outperform rating to a market perform rating and set a C$34.00 target price for the company. in a report on Tuesday, October 31st. Finally, National Bank Financial increased their target price on shares of PrairieSky Royalty from C$28.00 to C$33.00 in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$34.70.

Shares of PrairieSky Royalty (PSK) opened at C$28.06 on Tuesday. The stock has a market cap of $6,620.00, a PE ratio of 55.02 and a beta of 1.04. PrairieSky Royalty has a one year low of C$27.10 and a one year high of C$35.90.

The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.063 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.69%. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 146.08%.

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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. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 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 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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