PrairieSky Royalty (TSE:PSK) Hits New 1-Year Low at $14.88

PrairieSky Royalty Ltd (TSE:PSK)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$14.88 and last traded at C$14.89, with a volume of 172857 shares. The stock had previously closed at C$15.18.

PSK has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on PrairieSky Royalty from C$24.00 to C$21.00 in a report on Friday, October 18th. CIBC decreased their target price on PrairieSky Royalty from C$23.00 to C$21.00 in a report on Thursday, July 18th. GMP Securities decreased their price target on PrairieSky Royalty from C$22.25 to C$22.00 in a report on Wednesday, July 24th. Raymond James reissued a “market perform” rating and issued a C$20.00 price target on shares of PrairieSky Royalty in a report on Tuesday, July 23rd. Finally, National Bank Financial boosted their price target on PrairieSky Royalty from C$17.50 to C$18.50 in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$21.82.

The company has a market capitalization of $3.80 billion and a price-to-earnings ratio of 33.50. The stock has a fifty day simple moving average of C$17.46 and a 200-day simple moving average of C$17.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.91.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, July 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter. The company had revenue of C$69.30 million during the quarter, compared to analyst estimates of C$73.90 million. As a group, equities analysts expect that PrairieSky Royalty Ltd will post 0.33 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Wednesday, October 30th. PrairieSky Royalty’s payout ratio is presently 174.11%.

PrairieSky Royalty Company Profile (TSE:PSK)

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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