PrairieSky Royalty (TSE:PSK) Stock Price Crosses Above 50-Day Moving Average of $25.68

PrairieSky Royalty Ltd. (TSE:PSK) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$25.68 and traded as high as C$25.89. PrairieSky Royalty shares last traded at C$25.52, with a volume of 396,670 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PSK. TD Securities increased their price target on PrairieSky Royalty from C$23.00 to C$24.00 and gave the stock a “hold” rating in a research note on Tuesday, July 18th. CIBC boosted their price target on shares of PrairieSky Royalty from C$26.50 to C$28.50 in a research report on Friday, July 14th. Canaccord Genuity Group increased their price objective on shares of PrairieSky Royalty from C$23.75 to C$24.75 in a report on Tuesday, July 18th. National Bankshares upped their target price on PrairieSky Royalty from C$23.00 to C$26.00 in a research report on Thursday, June 29th. Finally, Royal Bank of Canada boosted their price objective on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, PrairieSky Royalty has a consensus rating of “Moderate Buy” and an average price target of C$25.55.

PrairieSky Royalty Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 8.77. The company has a market capitalization of C$6.10 billion, a P/E ratio of 24.54, a P/E/G ratio of 0.47 and a beta of 1.82. The company has a 50 day moving average price of C$25.68 and a 200 day moving average price of C$23.39.

PrairieSky Royalty (TSE:PSK) last released its quarterly earnings data on Monday, July 17th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.19 by C$0.01. The firm had revenue of C$117.40 million for the quarter, compared to the consensus estimate of C$119.00 million. PrairieSky Royalty had a net margin of 47.63% and a return on equity of 9.08%. On average, equities analysts predict that PrairieSky Royalty Ltd. will post 1.0096488 EPS for the current fiscal year.

PrairieSky Royalty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 17th were paid a $0.24 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.96 annualized dividend and a yield of 3.76%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 92.31%.

About PrairieSky Royalty

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.6 million acres of gross overriding royalty interests, and other acreage.