PrairieSky Royalty Ltd. (TSE:PSK) Receives Average Rating of “Hold” from Analysts

PrairieSky Royalty Ltd. (TSE:PSKGet Rating) has earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$21.93.

A number of analysts recently commented on PSK shares. CIBC lifted their price target on PrairieSky Royalty from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Tuesday, July 19th. Raymond James lifted their price target on PrairieSky Royalty from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Tuesday, July 5th. Royal Bank of Canada raised their target price on PrairieSky Royalty from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 19th. Stifel Nicolaus raised their target price on PrairieSky Royalty from C$23.75 to C$24.00 in a research report on Tuesday, July 19th. Finally, National Bankshares decreased their target price on PrairieSky Royalty from C$27.00 to C$25.00 and set a “sector perform” rating for the company in a research report on Monday, July 18th.

PrairieSky Royalty Stock Up 1.9 %

PSK stock opened at C$18.10 on Tuesday. PrairieSky Royalty has a twelve month low of C$12.75 and a twelve month high of C$20.42. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 17.37. The stock’s 50 day moving average is C$17.62 and its 200-day moving average is C$17.22. The firm has a market capitalization of C$4.32 billion and a PE ratio of 16.92.

PrairieSky Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.65%. The ex-dividend date was Wednesday, June 29th. PrairieSky Royalty’s dividend payout ratio is 39.25%.

Insider Activity at PrairieSky Royalty

In other PrairieSky Royalty news, Senior Officer Andrew Phillips acquired 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was bought at an average price of C$18.09 per share, with a total value of C$126,648.20. Following the completion of the purchase, the insider now owns 662,204 shares of the company’s stock, valued at C$11,980,992.09.

About PrairieSky Royalty

(Get Rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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