Research Analysts’ Recent Ratings Updates for PrairieSky Royalty (PSK)

PrairieSky Royalty (TSE: PSK) has recently received a number of price target changes and ratings updates:

• 4/23/2024 – PrairieSky Royalty had its price target raised by analysts at BMO Capital Markets from C$30.00 to C$33.00. They now have a “hold” rating on the stock.
• 4/23/2024 – PrairieSky Royalty had its price target raised by analysts at Stifel Nicolaus from C$27.00 to C$30.00. They now have a “buy” rating on the stock.
• 4/23/2024 – PrairieSky Royalty had its price target raised by analysts at ATB Capital from C$27.00 to C$28.50.
• 4/23/2024 – PrairieSky Royalty had its price target raised by analysts at Royal Bank of Canada from C$26.00 to C$27.00.
• 4/22/2024 – PrairieSky Royalty was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating. They now have a C$31.00 price target on the stock, up previously from C$27.50.
• 4/19/2024 – PrairieSky Royalty had its price target raised by analysts at National Bankshares, Inc. from C$15.00 to C$18.50. They now have an “outperform” rating on the stock.
• 4/17/2024 – PrairieSky Royalty had its price target raised by analysts at Canaccord Genuity Group Inc. from C$24.75 to C$28.00. They now have a “hold” rating on the stock.
• 3/20/2024 – PrairieSky Royalty had its price target raised by analysts at ATB Capital from C$26.50 to C$27.00. They now have a “sector perform” rating on the stock.
• 3/13/2024 – PrairieSky Royalty was given a new C$30.00 price target on by analysts at BMO Capital Markets. They now have an “outperform” rating on the stock.

PrairieSky Royalty Trading Up 0.2 %

Shares of PSK opened at C$25.79 on Friday. The company has a debt-to-equity ratio of 6.80, a current ratio of 0.65 and a quick ratio of 0.65. PrairieSky Royalty Ltd. has a 1-year low of C$20.85 and a 1-year high of C$28.42. The stock has a market cap of C$6.16 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. The firm has a 50 day simple moving average of C$26.20 and a 200-day simple moving average of C$24.50.

PrairieSky Royalty (TSE:PSK) last announced its earnings results on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.06. The firm had revenue of C$136.60 million during the quarter. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. Equities analysts forecast that PrairieSky Royalty Ltd. will post 1.0488722 EPS for the current fiscal year.

PrairieSky Royalty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.88%. This is a positive change from PrairieSky Royalty’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, March 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 105.26%.

Insider Buying and Selling at PrairieSky Royalty

In other PrairieSky Royalty news, Director Leanne M. Bellegarde sold 6,650 shares of PrairieSky Royalty stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total value of C$171,437.00. In other news, Director Glenn Mcnamara bought 12,800 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of C$23.28 per share, for a total transaction of C$297,999.36. Also, Director Leanne M. Bellegarde sold 6,650 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total value of C$171,437.00. Insiders acquired 17,100 shares of company stock worth $412,738 in the last 90 days. 0.54% of the stock is owned by company insiders.

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.