PrairieSky Royalty Ltd (PSK) Price Target Cut to C$28.00 by Analysts at National Bank Financial
PrairieSky Royalty Ltd (TSE:PSK) had its price target reduced by National Bank Financial from C$29.00 to C$28.00 in a research note published on Friday. They currently have a sector perform rating on the stock.
A number of other analysts have also recently weighed in on PSK. Royal Bank Of Canada dropped their target price on shares of PrairieSky Royalty from C$38.00 to C$34.00 in a report on Thursday, July 20th. GMP Securities increased their target price on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a report on Wednesday, July 26th. TD Securities cut shares of PrairieSky Royalty from a buy rating to a hold rating and dropped their target price for the stock from C$33.00 to C$32.00 in a report on Monday, October 2nd. Finally, BMO Capital Markets increased their target price on shares of PrairieSky Royalty from C$30.00 to C$35.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PrairieSky Royalty has an average rating of Hold and an average price target of C$33.80.
PrairieSky Royalty (PSK) traded up 0.99% on Friday, reaching $31.57. 367,688 shares of the company’s stock were exchanged. The firm has a market capitalization of $7.47 billion and a price-to-earnings ratio of 86.02. PrairieSky Royalty has a 1-year low of $27.10 and a 1-year high of $34.32. The stock’s 50 day moving average price is $31.05 and its 200 day moving average price is $29.62.
PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings data on Monday, July 24th. The company reported C$0.17 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.08 by C$0.09. PrairieSky Royalty had a net margin of 39.63% and a return on equity of 5.85%. The firm had revenue of C$102.20 million for the quarter. On average, analysts expect that PrairieSky Royalty will post $0.38 earnings per share for the current year.
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The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, October 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.38%.
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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