Other analysts also recently issued research reports about the stock. GMP Securities raised their price target on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a research report on Wednesday, July 26th. Royal Bank Of Canada decreased their price target on shares of PrairieSky Royalty from C$38.00 to C$34.00 in a research report on Thursday, July 20th. National Bank Financial decreased their price target on shares of PrairieSky Royalty from C$30.00 to C$29.00 in a research report on Friday, June 23rd. Finally, TD Securities downgraded shares of PrairieSky Royalty from a buy rating to a hold rating and decreased their price target for the stock from C$33.00 to C$32.00 in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$33.90.
PrairieSky Royalty (TSE PSK) opened at 31.83 on Tuesday. The firm has a market cap of $7.53 billion and a PE ratio of 86.73. The firm’s 50-day moving average is $30.82 and its 200 day moving average is $29.57. PrairieSky Royalty has a 12-month low of $27.10 and a 12-month high of $34.32.
PrairieSky Royalty (TSE:PSK) last released its quarterly earnings results on Monday, July 24th. The company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$102.20 million during the quarter. Equities research analysts predict that PrairieSky Royalty will post $0.38 EPS for the current year.
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The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 16th will be issued a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 28th.
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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