PrairieSky Royalty (PSK) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PrairieSky Royalty in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSK shares.
View PSK analyst ratings or view top-rated stocks.

6 brokerages have issued 1-year price objectives for PrairieSky Royalty's shares. Their PSK share price forecasts range from C$23.00 to C$33.00. On average, they expect the company's share price to reach C$26.02 in the next year. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for PSK or view top-rated stocks among Wall Street analysts.

PrairieSky Royalty's stock was trading at C$21.70 at the beginning of 2023. Since then, PSK shares have increased by 16.2% and is now trading at C$25.22.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our PSK earnings forecast.

PrairieSky Royalty Ltd. (TSE:PSK) released its quarterly earnings data on Monday, July, 17th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business earned $117.40 million during the quarter, compared to analysts' expectations of $119 million. PrairieSky Royalty had a net margin of 47.63% and a trailing twelve-month return on equity of 9.08%.

PrairieSky Royalty declared a quarterly dividend on Monday, September 11th. Stockholders of record on Friday, September 29th will be paid a dividend of 0.24 per share on Monday, October 16th. This represents a $0.96 dividend on an annualized basis and a yield of 3.81%. 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 3.82%. The dividend payout ratio is 92.31%. 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).

PrairieSky Royalty trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PSK."

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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One share of PSK stock can currently be purchased for approximately C$25.22.

PrairieSky Royalty (TSE:PSK) has a market capitalization of C$6.03 billion and generates C$521.30 million in revenue each year. The company earns C$248.30 million in net income (profit) each year or C$1.04 on an earnings per share basis.

PrairieSky Royalty's mailing address is 1700-350 7 Ave SW, CALGARY, AB T2P 3N9, Canada. The official website for the company is www.prairiesky.com. The company can be reached via phone at +1-587-2934000.