PrairieSky Royalty Stock Price, News & Analysis (TSE:PSK)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PrairieSky Royalty in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PSK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSK, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued twelve-month price objectives for PrairieSky Royalty's shares. Their PSK share price targets range from C$23.75 to C$33.00. On average, they predict the company's stock price to reach C$26.73 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
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PrairieSky Royalty's stock was trading at C$21.70 at the beginning of the year. Since then, PSK stock has increased by 11.8% and is now trading at C$24.25.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our PSK earnings forecast.

PrairieSky Royalty Ltd. (TSE:PSK) posted its earnings results on Monday, October, 23rd. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The company earned $133.10 million during the quarter. PrairieSky Royalty had a trailing twelve-month return on equity of 8.25% and a net margin of 45.26%.

PrairieSky Royalty declared a quarterly dividend on Monday, September 11th. Shareholders of record on Friday, September 29th will be given a dividend of 0.24 per share on Monday, October 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for PSK.

PrairieSky Royalty (TSE:PSK) pays an annual dividend of C$0.96 per share and currently has a dividend yield of 3.99%. PSK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 101.05%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for PSK.

Based on aggregate information from My MarketBeat watchlists, some companies that other PrairieSky Royalty investors own include AltaGas (ALA), Canadian Natural Resources (CNQ), CVS Health (CVS), ARC Resources (ARX), Canadian National Railway (CNR), RioCan Real Estate Investment Trust (REI.UN), Toronto-Dominion Bank (TD), Vermilion Energy (VET), Inter Pipeline (IPL) and Lightspeed Commerce (LSPD).

Shares of PSK stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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