Analysts Set PrairieSky Royalty Ltd. (TSE:PSK) PT at C$30.80

Shares of PrairieSky Royalty Ltd. (TSE:PSK) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$30.80.

PSK has been the subject of a number of recent research reports. Raymond James upgraded PrairieSky Royalty to a “hold” rating in a research note on Thursday, October 17th. National Bankshares boosted their target price on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. TD Securities boosted their price objective on shares of PrairieSky Royalty from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th.

Insider Buying and Selling at PrairieSky Royalty

In related news, Senior Officer Daniel James Bertram acquired 7,670 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of C$28.20 per share, with a total value of C$216,290.93. Insiders own 0.54% of the company’s stock.

PrairieSky Royalty Stock Performance

Shares of PSK opened at C$30.60 on Friday. The firm has a market capitalization of C$7.31 billion, a P/E ratio of 31.88, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. PrairieSky Royalty has a one year low of C$21.22 and a one year high of C$30.66. The business has a fifty day moving average of C$28.16 and a 200 day moving average of C$27.23.

PrairieSky Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.27%. The ex-dividend date was Friday, September 27th. 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.