PrairieSky Royalty - PSK Stock Forecast, Price & News

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage. The company was incorporated in 2013 and is headquartered in Calgary, Canada.

PrairieSky Royalty Stock Down 0.3 %

PrairieSky Royalty stock traded down C$0.05 during midday trading on Friday, reaching C$17.18. The company's stock had a trading volume of 210,823 shares, compared to its average volume of 606,130. The business has a 50-day simple moving average of C$17.38 and a 200-day simple moving average of C$17.50. The company has a market cap of C$4.10 billion and a P/E ratio of 16.06. PrairieSky Royalty has a fifty-two week low of C$12.75 and a fifty-two week high of C$20.42. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 17.37.

PrairieSky Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, June 29th. PrairieSky Royalty's payout ratio is currently 39.25%.

Analyst Upgrades and Downgrades

PSK has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of PrairieSky Royalty from C$23.00 to C$25.00 in a report on Tuesday, July 19th. Raymond James upped their price objective on PrairieSky Royalty from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Tuesday, July 5th. National Bankshares reduced their target price on PrairieSky Royalty from C$27.00 to C$25.00 and set a "sector perform" rating on the stock in a research report on Monday, July 18th. CIBC increased their price target on PrairieSky Royalty from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Tuesday, July 19th. Finally, Scotiabank lifted their price target on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research report on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, PrairieSky Royalty presently has an average rating of "Hold" and a consensus target price of C$21.93.

Insider Activity

In related news, Senior Officer Andrew Phillips bought 7,000 shares of the stock in a transaction on Wednesday, July 20th. The shares were bought at an average cost of C$18.09 per share, for a total transaction of C$126,648.20. Following the purchase, the insider now owns 662,204 shares of the company's stock, valued at approximately C$11,980,992.09.