PrairieSky Royalty Ltd (TSE:PSK) – Research analysts at National Bank Financial issued their FY2019 earnings estimates for shares of PrairieSky Royalty in a report released on Monday. National Bank Financial analyst T. Wood anticipates that the company will post earnings of $0.26 per share for the year.

Several other research firms have also issued reports on PSK. BMO Capital Markets set a C$38.00 target price on shares of PrairieSky Royalty and gave the stock an “outperform” rating in a report on Tuesday. Raymond James Financial reduced their target price on shares of PrairieSky Royalty from C$31.00 to C$30.00 and set a “market perform” rating for the company in a report on Tuesday. TD Securities reduced their target price on shares of PrairieSky Royalty from C$34.00 to C$33.00 and set a “hold” rating for the company in a report on Tuesday. Canaccord Genuity reduced their target price on shares of PrairieSky Royalty from C$36.00 to C$35.00 in a report on Tuesday. Finally, GMP Securities raised shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$35.50 to C$34.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$34.70.

PrairieSky Royalty (TSE PSK) traded up C$0.02 during trading on Thursday, reaching C$28.06. 426,089 shares of the company traded hands, compared to its average volume of 480,841. The stock has a market cap of $6,620.00, a price-to-earnings ratio of 55.02 and a beta of 1.04. PrairieSky Royalty has a one year low of C$27.10 and a one year high of C$35.90.

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 2.69%. PrairieSky Royalty’s payout ratio is 146.08%.

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PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.

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