PrairieSky Royalty (TSE:PSK – Free Report) had its price objective boosted by National Bankshares from C$33.00 to C$37.00 in a research note released on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.
A number of other brokerages have also commented on PSK. ATB Capital lifted their price target on shares of PrairieSky Royalty from C$28.50 to C$30.00 in a research note on Friday, July 19th. Raymond James raised shares of PrairieSky Royalty to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada raised PrairieSky Royalty from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$31.00 to C$33.00 in a research note on Tuesday, September 17th. TD Securities cut their price objective on PrairieSky Royalty from C$26.00 to C$25.00 in a research report on Tuesday, October 1st. Finally, Scotiabank boosted their price target on PrairieSky Royalty from C$29.00 to C$31.00 in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PrairieSky Royalty currently has an average rating of “Hold” and an average target price of C$30.60.
Read Our Latest Stock Analysis on PrairieSky Royalty
PrairieSky Royalty Price Performance
PrairieSky Royalty Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Friday, September 27th. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 104.17%.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.
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