PrairieSky Royalty (TSE:PSK) had its target price cut by Raymond James from C$20.50 to C$20.00 in a research note released on Thursday morning, BayStreet.CA reports.
PSK has been the topic of several other research reports. Royal Bank of Canada reissued a buy rating on shares of PrairieSky Royalty in a research report on Friday, May 24th. National Bank Financial lowered their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Eight Capital lowered their price target on shares of PrairieSky Royalty from C$19.15 to C$18.90 in a research report on Tuesday, April 23rd. Finally, GMP Securities reissued a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$22.63.
Shares of PSK stock opened at C$19.13 on Thursday. The firm’s 50-day moving average price is C$18.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market cap of $4.47 billion and a PE ratio of 52.27. PrairieSky Royalty has a twelve month low of C$15.71 and a twelve month high of C$25.88.
PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, April 22nd. The company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$73.20 million for the quarter, compared to analyst estimates of C$70.30 million. On average, analysts expect that PrairieSky Royalty will post 0.36 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.78 annualized dividend and a yield of 4.08%. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 213.11%.
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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