PrairieSky Royalty (TSE:PSK) Price Target Raised to C$18.50 at National Bankshares

PrairieSky Royalty (TSE:PSK) had its price target upped by National Bankshares from C$15.00 to C$18.50 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

PSK has been the topic of a number of other research reports. BMO Capital Markets set a C$30.00 price target on shares of PrairieSky Royalty and gave the company an outperform rating in a report on Wednesday, March 13th. Raymond James cut their price target on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an outperform rating on the stock in a report on Friday, January 19th. Canaccord Genuity Group increased their price target on shares of PrairieSky Royalty from C$24.75 to C$28.00 and gave the company a hold rating in a report on Wednesday. CIBC cut their price target on shares of PrairieSky Royalty from C$29.50 to C$27.50 and set an outperform rating on the stock in a report on Tuesday, January 16th. Finally, ATB Capital increased their price target on shares of 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, PrairieSky Royalty presently has a consensus rating of Moderate Buy and a consensus target price of C$26.13.

PrairieSky Royalty Price Performance

Shares of PSK opened at C$27.73 on Friday. The stock has a market cap 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. The company has a debt-to-equity ratio of 6.80, a quick ratio of 0.65 and a current ratio of 0.65. PrairieSky Royalty has a fifty-two week low of C$20.44 and a fifty-two week high of C$28.42. The firm’s 50-day simple moving average is C$25.55 and its two-hundred day simple moving average is C$24.37.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.06. The business had revenue of C$136.60 million for the quarter. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. Analysts anticipate that PrairieSky Royalty will post 1.0488722 earnings per share for the current fiscal year.

PrairieSky Royalty Increases Dividend

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

Insiders Place Their Bets

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