PrairieSky Royalty Ltd (TSE:PSK) had its price target lifted by Royal Bank Of Canada from C$34.00 to C$35.00 in a research report report published on Wednesday. The brokerage currently has an outperform rating on the stock.

PSK has been the subject of a number of other reports. Raymond James Financial, Inc. lifted their price target on PrairieSky Royalty from C$34.00 to C$35.00 and gave the stock an outperform rating in a report on Friday, May 26th. BMO Capital Markets reaffirmed a market perform rating and set a C$31.00 price target on shares of PrairieSky Royalty in a report on Tuesday, April 25th. TD Securities reaffirmed a buy rating and set a C$35.00 price target on shares of PrairieSky Royalty in a report on Tuesday, April 25th. Scotiabank reaffirmed a sector perform rating and set a C$36.00 price target on shares of PrairieSky Royalty in a report on Tuesday, April 25th. Finally, GMP Securities lifted their price target on PrairieSky Royalty from C$30.00 to C$31.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. PrairieSky Royalty currently has a consensus rating of Buy and a consensus target price of C$33.80.

PrairieSky Royalty (TSE PSK) opened at 30.92 on Wednesday. The company’s 50-day moving average price is $29.02 and its 200 day moving average price is $29.48. The firm has a market capitalization of $7.32 billion and a price-to-earnings ratio of 84.25. PrairieSky Royalty has a 12 month low of $24.85 and a 12 month high of $34.32.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $102.20 million during the quarter. PrairieSky Royalty had a return on equity of 3.14% and a net margin of 25.90%. Analysts predict that PrairieSky Royalty will post $0.39 EPS for the current year.

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The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th will be issued a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, July 27th.

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.

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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