PrairieSky Royalty Ltd. (TSE:PSK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Markets Daily

PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$32.25.

Several analysts have commented on the company. Raymond James Financial cut PrairieSky Royalty from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$35.00 to C$35.50 in a report on Monday, March 30th. Roth Mkm upgraded PrairieSky Royalty to a “strong-buy” rating in a report on Thursday, April 30th.

Read Our Latest Research Report on PrairieSky Royalty

PrairieSky Royalty Price Performance

PSK stock opened at C$32.12 on Monday. The stock has a market capitalization of C$7.46 billion, a P/E ratio of 37.35, a PEG ratio of 0.47 and a beta of 0.75. The company has a debt-to-equity ratio of 9.36, a quick ratio of 0.65 and a current ratio of 0.83. PrairieSky Royalty has a one year low of C$23.17 and a one year high of C$35.89. The company has a 50 day moving average price of C$33.38 and a two-hundred day moving average price of C$30.93.

PrairieSky Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.265 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.06 annualized dividend and a yield of 3.3%. PrairieSky Royalty’s payout ratio is 121.51%.

Insider Buying and Selling

In other PrairieSky Royalty news, insider Ian Charles Dundas purchased 7,500 shares of the stock in a transaction on Friday, June 19th. The stock was bought at an average price of C$31.89 per share, for a total transaction of C$239,175.00. Following the acquisition, the insider directly owned 27,500 shares of the company’s stock, valued at C$876,975. This represents a 37.50% increase in their ownership of the stock. 0.54% of the stock is owned by company insiders.

PrairieSky Royalty Company Profile

(Get Free Report)

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

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