PrairieSky Royalty Ltd. (CE:PSK – Get a rating) received a consensus rating of Moderate Buy from the thirteen rating firms that cover the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$23.40.
PSK has been the subject of several recent analyst reports. Raymond James upped their target price on shares of PrairieSky Royalty from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, November 15th. CIBC raised their target price on shares of PrairieSky Royalty from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Tuesday, October 25th. National Bankshares cut their price target on shares of PrairieSky Royalty from C$26.00 to C$24.00 in a research report on Friday, September 30th. Royal Bank of Canada upped their target price on shares of PrairieSky Royalty from C$24 to C$25 and gave the company a “sector perform” rating in a research report on Tuesday, October 25th. Finally, BMO Capital Markets boosted their target price on shares of PrairieSky Royalty from C$25.00 to C$27.00 in a research report on Tuesday, October 25th.
PrairieSky Stock Performance
PSK opened at C$22.06 on Monday. PrairieSky Royalty has a 12-month low of C$12.75 and a 12-month high of C$22.36. The company has a market cap of C$5.27 billion and a price-to-earnings ratio of 17.79. The 50-day moving average is C$20.37, and the 200-day is C$18.69. The company has a current ratio of 0.67, a gearing ratio of 0.65, and a debt-to-equity ratio of 11.74.
Royalties PrairieSky (CE:PSK – Get a rating) last published its earnings results on Monday, October 24th. The company reported earnings per share of C$0.32 for the quarter. The firm’s revenue for the quarter was C$154.70 million. On average, equities research analysts predict that PrairieSky Royalty will post 1.26 earnings per share for the current year.
PrairieSky Royalty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.12 per share. This amounts to $0.48 in annualized dividends and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, September 28th. PrairieSky Royalty’s dividend payout ratio is currently 36.29%.
PrairieSky Royalty Profile
PrairieSky Royalty Ltd. owns royalty interests in crude oil and natural gas in Alberta, Saskatchewan, British Columbia and Manitoba in Canada. It has an interest in approximately 9.8 million acres with rights to produce oil and/or natural gas; 8.5 million acres of gross royalty benefits; approximately 0.3 million acres of GRT interests; and other areas.
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https://www.defenseworld.net/2022/12/01/prairiesky-royalty-ltd-tsepsk-receives-c23-40-average-price-target-from-brokerages.html PrairieSky Royalty Ltd. (TSE:PSK) is receiving an average target price of C$23.40 from brokerages