PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$24.05 and traded as high as C$25.33. PrairieSky Royalty shares last traded at C$25.02, with a volume of 359,981 shares traded.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Canaccord Genuity Group cut their price target on shares of PrairieSky Royalty from C$26.00 to C$25.00 and set a "hold" rating on the stock in a research report on Tuesday, July 15th. Raymond James Financial increased their price target on PrairieSky Royalty from C$28.00 to C$29.00 and gave the company a "market perform" rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$29.33.
View Our Latest Stock Analysis on PrairieSky Royalty
PrairieSky Royalty Stock Down 0.2%
The firm has a market cap of C$5.90 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 0.47 and a beta of 0.73. The firm has a fifty day simple moving average of C$24.11 and a 200-day simple moving average of C$24.07. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63.
PrairieSky Royalty Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, September 29th. PrairieSky Royalty's payout ratio is presently 109.68%.
About PrairieSky Royalty
(
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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.
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