PrairieSky Royalty (TSE:PSK – Free Report) had its price objective lowered by TD Securities from C$26.00 to C$25.00 in a research note released on Tuesday, BayStreet.CA reports.
A number of other brokerages have also weighed in on PSK. Royal Bank of Canada upgraded shares of PrairieSky Royalty from a sector perform rating to an outperform rating and raised their target price for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Scotiabank raised their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. National Bankshares raised their target price on shares of PrairieSky Royalty from C$31.00 to C$33.00 in a research report on Friday, September 27th. Finally, ATB Capital raised their target price on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, PrairieSky Royalty currently has a consensus rating of Hold and a consensus target price of C$30.20.
Check Out Our Latest Stock Analysis on PSK
PrairieSky Royalty Stock Performance
PrairieSky Royalty (TSE:PSK – Get Free Report) last posted its quarterly earnings results on Monday, July 15th. The company reported C$0.25 earnings per share (EPS) for the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. The business had revenue of C$135.60 million for the quarter. As a group, research analysts expect that PrairieSky Royalty will post 0.9572503 earnings per share for the current fiscal year.
PrairieSky Royalty Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.53%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 104.17%.
PrairieSky Royalty Company Profile
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.
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