PrairieSky Royalty (TSE:PSK) had its price objective lowered by CIBC from C$23.00 to C$21.00 in a report released on Thursday morning, BayStreet.CA reports.
Other equities research analysts have also recently issued research reports about the company. GMP Securities restated a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Raymond James restated a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th. Eight Capital cut their price target on PrairieSky Royalty from C$19.15 to C$18.90 in a research note on Tuesday, April 23rd. Royal Bank of Canada restated a buy rating on shares of PrairieSky Royalty in a research note on Friday, May 24th. Finally, National Bank Financial upped their price target on Vermilion Energy from C$35.00 to C$36.00 and gave the stock an outperform rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$22.07.
PSK stock opened at C$18.22 on Thursday. The firm has a market capitalization of $4.26 billion and a P/E ratio of 49.78. PrairieSky Royalty has a twelve month low of C$15.71 and a twelve month high of C$25.88. The company has a 50 day moving average price of C$18.18. 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 (TSE:PSK) last released its quarterly earnings results on Monday, April 22nd. The company reported C$0.11 EPS for the quarter. The company had revenue of C$73.20 million for the quarter, compared to analysts’ expectations of C$70.30 million. On average, equities research analysts expect that PrairieSky Royalty will post 0.37 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Tuesday, July 30th. PrairieSky Royalty’s payout ratio 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.
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