PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$27.31 and traded as high as C$28.29. PrairieSky Royalty shares last traded at C$28.27, with a volume of 293,047 shares traded.
Analyst Ratings Changes
A number of analysts have weighed in on the company. National Bankshares increased their price target on PrairieSky Royalty from C$31.00 to C$33.00 in a report on Friday, September 27th. ATB Capital increased their price target on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. TD Securities decreased their price target on PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 1st. Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$31.00 to C$33.00 in a report on Tuesday, September 17th. Finally, Scotiabank increased their price target on PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$30.20.
Check Out Our Latest Analysis on PrairieSky Royalty
PrairieSky Royalty Stock Performance
PrairieSky Royalty (TSE:PSK – Get Free Report) last posted its earnings results on Monday, July 15th. The company reported C$0.25 EPS for the quarter. PrairieSky Royalty had a net margin of 46.81% and a return on equity of 8.37%. The firm had revenue of C$135.60 million for the quarter.
PrairieSky Royalty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. PrairieSky Royalty’s dividend payout ratio is currently 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.
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