PrairieSky Royalty Ltd. (TSE:PSK) Given Consensus Recommendation of “Hold” by Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$26.50.

PSK has been the topic of a number of research analyst reports. CIBC decreased their price target on PrairieSky Royalty from C$29.50 to C$27.50 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. ATB Capital lifted their price objective on PrairieSky Royalty from C$26.50 to C$27.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. Raymond James reduced their price objective on PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares reduced their price objective on PrairieSky Royalty from C$28.00 to C$25.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 10th. Finally, BMO Capital Markets set a C$30.00 price objective on PrairieSky Royalty and gave the company an “outperform” rating in a research note on Wednesday, March 13th.

Insider Activity at PrairieSky Royalty

In related news, Director Glenn Mcnamara bought 12,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of C$23.28 per share, for a total transaction of C$297,999.36. In related news, Director Leanne M. Bellegarde sold 6,650 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. Also, Director Glenn Mcnamara bought 12,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of C$23.28 per share, for a total transaction of C$297,999.36. Company insiders own 0.54% of the company’s stock.

PrairieSky Royalty Stock Down 0.8 %

Shares of TSE:PSK opened at C$27.43 on Thursday. The stock’s 50-day moving average price is C$25.09 and its two-hundred day moving average price is C$24.28. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 6.80. PrairieSky Royalty has a 12-month low of C$20.41 and a 12-month high of C$28.42. The firm has a market cap of C$6.56 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty (TSE:PSK) last issued its quarterly earnings results on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.06. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. The firm had revenue of C$136.60 million for the quarter. On average, research analysts forecast that PrairieSky Royalty will post 1.0488722 EPS for the current year.

PrairieSky Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.25 per share. This is an increase from PrairieSky Royalty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, March 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 105.26%.

PrairieSky Royalty Company Profile

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.