PrairieSky Royalty (PSK) to Release Quarterly Earnings on Monday

PrairieSky Royalty (TSE:PSK - Get Free Report) will be releasing its earnings data after the market closes on Monday, April 22nd. Analysts expect PrairieSky Royalty to post earnings of C$0.19 per share for the quarter.

PrairieSky Royalty (TSE:PSK - Get Free Report) last issued its quarterly earnings data on Monday, February 12th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.22 by C$0.06. PrairieSky Royalty had a net margin of 47.46% and a return on equity of 8.22%. The firm had revenue of C$136.60 million for the quarter.

PrairieSky Royalty Stock Down 0.8 %

Shares of PrairieSky Royalty stock traded down C$0.22 on Monday, reaching C$27.43. The stock had a trading volume of 204,355 shares, compared to its average volume of 293,406. The company has a 50 day moving average price of C$25.09 and a 200 day moving average price of C$24.28. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 6.80. PrairieSky Royalty has a 1 year low of C$20.41 and a 1 year high of C$28.42. The stock has a market capitalization of C$6.56 billion, a P/E ratio of 28.87, a P/E/G ratio of 0.47 and a beta of 1.81.

PrairieSky Royalty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from PrairieSky Royalty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.65%. PrairieSky Royalty's dividend payout ratio (DPR) is 105.26%.

Insider Activity at PrairieSky Royalty

In other PrairieSky Royalty news, Director Leanne M. Bellegarde sold 6,650 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$25.78, for a total transaction of C$171,437.00. In related news, Director Glenn Mcnamara bought 12,800 shares of the stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of C$23.28 per share, with a total value of C$297,999.36. Also, Director Leanne M. Bellegarde sold 6,650 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$25.78, for a total transaction of C$171,437.00. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on PSK shares. Raymond James lowered their target price on shares of PrairieSky Royalty from C$33.00 to C$28.00 and set an "outperform" rating for the company in a research note on Friday, January 19th. National Bankshares lowered their target price on shares of PrairieSky Royalty from C$28.00 to C$25.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 10th. ATB Capital lifted their target price on shares of PrairieSky Royalty from C$26.50 to C$27.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 20th. BMO Capital Markets set a C$30.00 price objective on shares of PrairieSky Royalty and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Finally, CIBC decreased their price objective on shares of PrairieSky Royalty from C$29.50 to C$27.50 and set an "outperform" rating for the company in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$26.50.

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.