PrairieSky Royalty (PSK) Set to Announce Quarterly Earnings on Monday

PrairieSky Royalty (TSE:PSK) is scheduled to be releasing its earnings data after the market closes on Monday, April 22nd. Analysts expect PrairieSky Royalty to post earnings of C$0.19 per share for the quarter.

PrairieSky Royalty (TSE:PSK) last issued its earnings results on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.06. PrairieSky Royalty had a return on equity of 8.22% and a net margin of 47.46%. The business had revenue of C$136.60 million during the quarter.

PrairieSky Royalty Stock Up 1.3 %

Shares of PSK opened at C$27.73 on Friday. The stock has a fifty day simple moving average of C$25.55 and a two-hundred day simple moving average of C$24.37. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 6.80. The company has a market capitalization of C$6.63 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. PrairieSky Royalty has a 52-week low of C$20.44 and a 52-week high of C$28.42.

PrairieSky Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.61%. This is an increase from PrairieSky Royalty’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, March 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 105.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. CIBC lowered their target price on PrairieSky Royalty from C$29.50 to C$27.50 and set an “outperform” rating for the company in a report on Tuesday, January 16th. Raymond James lowered their target price on PrairieSky Royalty from C$33.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, January 19th. ATB Capital raised their target price on PrairieSky Royalty from C$26.50 to C$27.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. National Bankshares raised their target price on PrairieSky Royalty from C$15.00 to C$18.50 and gave the company an “outperform” rating in a report on Friday. Finally, Canaccord Genuity Group raised their target price on PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$26.13.

Insider Activity

In other news, Director Leanne M. Bellegarde sold 6,650 shares of PrairieSky Royalty stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total value of C$171,437.00. In related news, Director Leanne M. Bellegarde sold 6,650 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. Also, Director Glenn Mcnamara bought 12,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of C$23.28 per share, with a total value of C$297,999.36. Company 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.