PrairieSky Royalty Ltd (TSE:PSK) released its quarterly earnings results on Monday, July 24th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09, Yahoo Finance reports. The business had revenue of $102.20 million during the quarter. PrairieSky Royalty had a return on equity of 3.14% and a net margin of 25.90%.
Shares of PrairieSky Royalty (PSK) opened at 28.96 on Friday. The stock has a 50 day moving average price of $29.40 and a 200 day moving average price of $29.33. PrairieSky Royalty has a one year low of $25.49 and a one year high of $34.32. The company has a market capitalization of $6.85 billion and a PE ratio of 78.91.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.75 dividend on an annualized basis and a yield of 2.59%.
PSK has been the subject of a number of recent analyst reports. GMP Securities upped their price target on PrairieSky Royalty from C$30.00 to C$31.00 in a research report on Wednesday, July 26th. Royal Bank Of Canada decreased their target price on PrairieSky Royalty from C$38.00 to C$34.00 in a research report on Thursday, July 20th. National Bank Financial decreased their target price on PrairieSky Royalty from C$30.00 to C$29.00 in a research report on Friday, June 23rd. TD Securities reissued a “buy” rating and issued a C$35.00 target price on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$31.00 target price on shares of PrairieSky Royalty in a research report on Tuesday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. PrairieSky Royalty presently has an average rating of “Buy” and a consensus price target of C$33.80.
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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. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 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 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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