PrairieSky Royalty (TSE:PSK) Stock Price Expected to Rise, TD Securities Analyst Says

PrairieSky Royalty (TSE:PSK) had its price target increased by TD Securities from C$25.00 to C$26.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other analysts have also weighed in on the stock. National Bankshares raised their price target on shares of PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on PrairieSky Royalty from C$33.00 to C$34.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Atb Cap Markets upgraded PrairieSky Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Raymond James upgraded PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Finally, Scotiabank upped their target price on shares of PrairieSky Royalty from C$29.00 to C$31.00 in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$30.80.

PrairieSky Royalty Stock Down 2.3 %

Shares of TSE PSK opened at C$27.22 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.30 and a debt-to-equity ratio of 5.40. The company has a market cap 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 firm’s 50-day simple moving average is C$27.60 and its 200 day simple moving average is C$27.07.

PrairieSky Royalty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 3.67%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 104.17%.

Insiders Place Their Bets

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

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.