PrairieSky Royalty (TSE:PSK) Price Target Cut to C$20.00 by Analysts at Raymond James

PrairieSky Royalty (TSE:PSK) had its target price trimmed by Raymond James from C$20.50 to C$20.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Other analysts have also issued reports about the stock. National Bank Financial cut their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Eight Capital cut their target price on shares of PrairieSky Royalty from C$19.15 to C$18.90 in a research note on Tuesday, April 23rd. GMP Securities restated a buy rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, Royal Bank of Canada reaffirmed 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 company’s stock. PrairieSky Royalty presently has a consensus rating of Hold and an average target price of C$22.63.

PSK stock opened at C$19.13 on Thursday. The stock’s 50 day moving average price is C$18.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.89 and a quick ratio of 0.88. PrairieSky Royalty has a fifty-two week low of C$15.71 and a fifty-two week high of C$25.88. The stock has a market capitalization of $4.47 billion and a price-to-earnings ratio of 52.27.

PrairieSky Royalty (TSE:PSK) last released its earnings results on Monday, April 22nd. The company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$73.20 million for the quarter, compared to analysts’ expectations of C$70.30 million. As a group, sell-side analysts forecast that PrairieSky Royalty will post 0.36 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors 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 yield of 4.08%. The ex-dividend date of this dividend is Tuesday, July 30th. PrairieSky Royalty’s dividend payout ratio (DPR) is 213.11%.

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.

Read More: What is Net Asset Value (NAV)?

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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