PrairieSky Royalty (PSK) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PrairieSky Royalty in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSK shares.
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8 Wall Street research analysts have issued 1 year target prices for PrairieSky Royalty's shares. Their PSK share price forecasts range from C$23.00 to C$30.00. On average, they predict the company's stock price to reach C$25.13 in the next twelve months. This suggests a possible upside of 11.2% 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 start of the year. Since then, PSK shares have increased by 4.1% and is now trading at C$22.59.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 17th 2023.
View our PSK earnings forecast.

PrairieSky Royalty Ltd. (TSE:PSK) posted its quarterly earnings results on Monday, April, 17th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by $0.01. The business earned $126.10 million during the quarter, compared to the consensus estimate of $108 million. PrairieSky Royalty had a trailing twelve-month return on equity of 11.50% and a net margin of 51.42%.

PrairieSky Royalty declared a quarterly dividend on Monday, March 13th. Shareholders of record on Friday, March 31st will be paid a dividend of 0.24 per share on Friday, April 14th. This represents a $0.96 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, March 30th.
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 4.15%. PSK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%.
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$22.59.

PrairieSky Royalty (TSE:PSK) has a market capitalization of C$5.40 billion and generates C$603.60 million in revenue each year. The company earns C$310.40 million in net income (profit) each year or C$1.32 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.