Tudor Pickering & Holt set a C$16.00 price target on PrairieSky Royalty (TSE:PSK) in a research note published on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also issued reports on PSK. Canaccord Genuity decreased their price objective on PrairieSky Royalty from C$21.00 to C$18.00 in a research note on Tuesday, October 29th. National Bank Financial decreased their price objective on PrairieSky Royalty from C$16.50 to C$16.00 and set a sector perform rating on the stock in a research note on Friday, January 31st. CIBC lowered PrairieSky Royalty from an outperform rating to a neutral rating and decreased their price objective for the company from C$21.00 to C$18.00 in a research note on Wednesday, October 30th. Raymond James reiterated a market perform rating and set a C$17.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, October 29th. Finally, TD Securities decreased their price objective on PrairieSky Royalty from C$24.00 to C$23.00 and set a buy rating on the stock in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$17.56.

TSE:PSK opened at C$14.45 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.78 and a current ratio of 0.81. PrairieSky Royalty has a 52-week low of C$11.99 and a 52-week high of C$20.73. The firm has a market cap of $3.37 billion and a price-to-earnings ratio of 36.31. The business’s fifty day moving average is C$15.14 and its 200 day moving average is C$15.68.

The firm also recently announced a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 28th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.78 dividend on an annualized basis and a yield of 5.40%. PrairieSky Royalty’s dividend payout ratio is currently 195.98%.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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