National Bankshares Raises PrairieSky Royalty (TSE:PSK) Price Target to C$37.00

PrairieSky Royalty (TSE:PSK) had its price objective boosted by National Bankshares from C$33.00 to C$37.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities analysts also recently commented on PSK. TD Securities dropped their target price on PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. ATB Capital lifted their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a report on Friday, July 19th. Finally, Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$31.00 to C$33.00 in a research report on Tuesday, September 17th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$30.60.

PrairieSky Royalty Price Performance

Shares of TSE:PSK opened at C$28.04 on Wednesday. The firm has a 50 day moving average of C$27.52 and a 200-day moving average of C$27.06. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$28.93. The company has a current ratio of 0.30, a quick ratio of 0.65 and a debt-to-equity ratio of 5.40. The stock has a market capitalization of C$6.70 billion, a PE ratio of 29.21, a PEG ratio of 0.47 and a beta of 1.78.

PrairieSky Royalty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a $0.25 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.57%. PrairieSky Royalty’s dividend payout ratio 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.