PrairieSky Royalty Ltd. (TSE:PSK) Receives Consensus Rating of “Hold” by Brokerages

The shares of PrairieSky Royalty Ltd. (TSE:PSK – Get Rating) earned an average recommendation of “Hold” from the fourteen brokerages that cover the stock, reports Marketbeat Ratings. Five equity research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average target price among analysts who have covered the stock over the past year is C$20.65.

Several research analysts have recently commented on PSK shares. Royal Bank of Canada raised its price target on PrairieSky Royalty from C$21.00 to C$22.00 and gave the stock an “sector performance” rating in a Tuesday, April 19 research note . CIBC raised its price target on PrairieSky Royalty from C$22.00 to C$24.00 in a Thursday, March 3 research note. National Bankshares raised its price target on PrairieSky Royalty from C$23.00 to C$24.00 and gave the stock an “sector performance” rating in a Tuesday, April 19 research note. Scotiabank raised its price target on PrairieSky Royalty from C$20.00 to C$21.00 in a Wednesday, June 8 research note. Finally, BMO Capital Markets raised its price target on PrairieSky Royalty from C$20.00 to C$23.00 in a Monday, March 14 research note.

Separately, director Myron Maurice Stadnyk bought 2,000 shares of the company in a trade on Thursday, April 21. The shares were purchased at an average cost of CA$18.41 per share, for a total transaction of CA$36,812.40. Following completion of the transaction, the administrator now directly owns 27,000 shares of the company, valued at approximately C$496,967.40. Additionally, senior officer Andrew Phillips bought 6,000 shares of the company in a trade on Monday, May 9. The shares were purchased at an average price of CA$18.49 per share, with a total value of CA$110,953.80. Following the completion of the transaction, the insider now directly owns 655,204 shares of the company, valued at C$12,116,228.93. Insiders have purchased a total of 15,000 shares of the company worth $266,652 over the past three months.

(A d)

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

Shares of PrairieSky Royalty opened at C$16.21 on Friday. PrairieSky Royalty has a 12-month low of C$12.75 and a 12-month high of C$20.42. The stock has a market capitalization of C$3.87 billion and a P/E ratio of 21.82. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt ratio of 22.28. The company’s 50-day moving average price is CA$18.00 and its 200-day moving average price is CA$16.79.

PrairieSky Royalty (TSE:PSK – Get Rating) last released quarterly earnings data on Monday, April 18. The company reported EPS of C$0.27 for the quarter, missing analyst consensus estimates of C$0.30 by C$0.03. The company recorded revenue of C$139.90 million during the quarter. As a group, sell-side analysts expect PrairieSky Royalty to post 1.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Thursday, June 30 will receive a dividend of $0.12. This represents a dividend of $0.48 on an annualized basis and a yield of 2.96%. The ex-date of this dividend is Wednesday, June 29. PrairieSky Royalty’s dividend payout ratio (DPR) is 49.13%.

About PrairieSky Royalty (Get an assessment)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia and Manitoba in Canada. It has an interest in approximately 9.8 million acres with oil and/or natural gas rights; 8.5 million acres of gross overriding royalties; approximately 0.3 million acres of GRT interests; and other surfaces.

Read more

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in PrairieSky Royalty right now?

Before you consider PrairieSky Royalty, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and PrairieSky Royalty didn’t make the list.

Although PrairieSky Royalty currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here