PrairieSky Royalty Ltd (TSE:PSK) has been assigned a C$33.00 price target by equities researchers at TD Securities in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 6.66% from the company’s current price.
Other analysts have also issued reports about the stock. Canaccord Genuity raised their price objective on shares of PrairieSky Royalty from C$33.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Royal Bank Of Canada raised their price objective on shares of PrairieSky Royalty from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Friday, December 2nd. National Bank Financial restated a “sector perform” rating and issued a C$32.00 price objective on shares of PrairieSky Royalty in a report on Wednesday, October 26th. Barclays PLC raised their price objective on shares of PrairieSky Royalty from C$31.00 to C$32.00 in a report on Monday. Finally, BMO Capital Markets raised their price objective on shares of PrairieSky Royalty from C$27.00 to C$30.00 and gave the stock a “market perform” rating in a report on Wednesday, October 26th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. PrairieSky Royalty currently has a consensus rating of “Hold” and a consensus price target of C$31.50.
PrairieSky Royalty (TSE:PSK) traded down 0.78% during trading on Friday, hitting $30.64. The stock had a trading volume of 144,729 shares. The stock’s 50-day moving average price is $32.20 and its 200-day moving average price is $28.87. The company has a market capitalization of $7.00 billion and a P/E ratio of 547.14. PrairieSky Royalty has a 1-year low of $18.03 and a 1-year high of $34.32.
The company also recently declared a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, January 27th.
In other news, Director James Estey purchased 4,700 shares of PrairieSky Royalty stock in a transaction that occurred on Friday, January 13th. The stock was bought at an average price of C$32.95 per share, with a total value of C$154,865.00.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.