PrairieSky Royalty (TSE:PSK) PT Raised to C$33.00 at National Bankshares

PrairieSky Royalty (TSE:PSK) had its target price lifted by National Bankshares from C$31.00 to C$33.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other research firms also recently commented on PSK. Royal Bank of Canada upgraded PrairieSky Royalty from a sector perform rating to an outperform rating and lifted their price objective for the stock from C$31.00 to C$33.00 in a report on Tuesday, September 17th. ATB Capital raised their price target on PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Finally, Scotiabank boosted their price objective on PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average price target of C$30.78.

PrairieSky Royalty Stock Performance

TSE:PSK opened at C$27.41 on Friday. PrairieSky Royalty has a 1-year low of C$21.22 and a 1-year high of C$28.59. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The business has a 50 day moving average of C$27.23 and a 200 day moving average of C$26.74. The company has a market capitalization of C$6.55 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 0.47 and a beta of 1.79.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data 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 company had revenue of C$135.60 million during the quarter. On average, sell-side analysts predict that PrairieSky Royalty will post 0.9572503 earnings per share for the current fiscal year.

PrairieSky Royalty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.65%. PrairieSky Royalty’s dividend payout ratio is presently 104.17%.

About PrairieSky Royalty

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.