PrairieSky Royalty Ltd (TSE:PSK) announced a monthly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.065 per share on Monday, June 17th. This represents a $0.78 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, May 30th.
PSK stock traded up C$0.06 during mid-day trading on Friday, reaching C$17.72. 438,500 shares of the stock traded hands, compared to its average volume of 434,949. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. PrairieSky Royalty has a 52-week low of C$15.71 and a 52-week high of C$27.39. The firm has a market capitalization of $4.14 billion and a PE ratio of 48.42.
PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings results on Monday, April 22nd. The company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$73.20 million during the quarter, compared to analysts’ expectations of C$70.30 million. On average, equities research analysts anticipate that PrairieSky Royalty will post 0.36960492374602 earnings per share for the current year.
A number of equities analysts recently commented on the company. Raymond James increased their price objective on PrairieSky Royalty from C$20.00 to C$20.50 and gave the stock a “market perform” rating in a report on Friday. Royal Bank of Canada dropped their price objective on PrairieSky Royalty from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Friday. Eight Capital dropped their price objective on PrairieSky Royalty from C$19.15 to C$18.90 in a report on Tuesday, April 23rd. National Bank Financial increased their price objective on PrairieSky Royalty from C$20.00 to C$21.00 in a report on Monday, April 8th. Finally, GMP Securities increased their price objective on PrairieSky Royalty from C$22.00 to C$22.50 in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$22.99.
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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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