PrairieSky Royalty (PSK) Scheduled to Post Earnings on Monday

PrairieSky Royalty (TSE:PSK) is scheduled to post its quarterly earnings results after the market closes on Monday, October 28th.

PrairieSky Royalty Stock Down 0.2 %

PSK stock opened at C$28.04 on Friday. The firm has a fifty day moving average price of C$27.52 and a two-hundred day moving average price of C$27.06. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.30 and a quick ratio of 0.65. PrairieSky Royalty has a 1-year low of C$21.22 and a 1-year high of C$28.93. The firm has a market cap of C$6.70 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 0.47 and a beta of 1.78.

PrairieSky Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio is presently 104.17%.

Analysts Set New Price Targets

PSK has been the subject of a number of research reports. National Bankshares lifted their target price on PrairieSky Royalty from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Wednesday. TD Securities cut their price target on PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 1st. Royal Bank of Canada upgraded PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. ATB Capital raised their target price on PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Finally, Raymond James upgraded shares of PrairieSky Royalty to a “hold” rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$30.60.

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.