PrairieSky Royalty Ltd. (TSE:PSK) Receives Average Rating of “Moderate Buy” from Analysts

PrairieSky Royalty Ltd. (TSE:PSK) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$30.80.

Several analysts have recently issued reports on PSK shares. National Bankshares increased their price objective on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Atb Cap Markets upgraded shares of PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. ATB Capital boosted their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research report on Friday, July 19th. Raymond James upgraded PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Finally, TD Securities raised their price target on PrairieSky Royalty from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research note on Tuesday.

Insider Buying and Selling at PrairieSky Royalty

In other news, Senior Officer Daniel James Bertram acquired 7,670 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average price 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 PrairieSky Royalty stock opened at C$27.22 on Monday. The stock has a market capitalization of C$6.51 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. PrairieSky Royalty has a 12 month low of C$21.22 and a 12 month high of C$28.93. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. The business has a 50-day moving average of C$27.60 and a 200 day moving average of C$27.07.

PrairieSky Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is 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.