Raymond James reiterated their market perform rating on shares of PrairieSky Royalty (TSE:PSK) in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a C$20.00 price objective on the stock.
PSK has been the topic of several other research reports. Eight Capital reduced their target price on shares of PrairieSky Royalty from C$19.15 to C$18.90 in a research note on Tuesday, April 23rd. CIBC reissued a hold rating and issued a $2.50 target price on shares of Advantage Oil & Gas in a research note on Thursday, July 18th. GMP Securities reissued a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. National Bank Financial upped their price target on shares of Yamana Gold from C$4.25 to C$4.50 and gave the stock an outperform rating in a report on Tuesday. Finally, Royal Bank of Canada restated a buy rating on shares of PrairieSky Royalty in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. PrairieSky Royalty currently has an average rating of Hold and a consensus price target of C$22.16.
Shares of PSK opened at C$16.93 on Tuesday. PrairieSky Royalty has a twelve month low of C$15.71 and a twelve month high of C$24.91. The stock has a market capitalization of $4.08 billion and a P/E ratio of 37.79. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of C$18.20.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Tuesday, July 30th. PrairieSky Royalty’s payout ratio is presently 174.11%.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.
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