PrairieSky Royalty (TSE:PSK) Given “Outperform” Rating at Raymond James

Raymond James restated their outperform rating on shares of PrairieSky Royalty (TSE:PSK) in a research report released on Tuesday, BayStreet.CA reports. They currently have a C$19.00 price target on the stock.

PSK has been the topic of a number of other reports. CIBC downgraded PrairieSky Royalty from an outperform rating to a neutral rating and reduced their price target for the stock from C$21.00 to C$18.00 in a research report on Wednesday, October 30th. Tudor Pickering & Holt set a C$16.00 price target on PrairieSky Royalty and gave the stock a hold rating in a research report on Tuesday. TD Securities reduced their price target on PrairieSky Royalty from C$24.00 to C$23.00 and set a buy rating on the stock in a research report on Tuesday, October 29th. Canaccord Genuity reduced their price target on PrairieSky Royalty from C$21.00 to C$18.00 in a research report on Tuesday, October 29th. Finally, National Bank Financial upped their price target on PrairieSky Royalty from C$16.00 to C$16.50 and gave the stock a sector perform rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of C$17.56.

Shares of TSE:PSK opened at C$14.45 on Tuesday. The company has a market capitalization of $3.37 billion and a price-to-earnings ratio of 36.31. PrairieSky Royalty has a 52 week low of C$11.99 and a 52 week high of C$20.73. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of C$15.14 and a 200 day moving average of C$15.68.

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Thursday, February 27th. PrairieSky Royalty’s payout ratio is presently 195.98%.

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.

Further Reading: Real Estate Investment Trust (REIT) ETF

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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