PrairieSky Royalty Ltd (PSK) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

PrairieSky Royalty Ltd (TSE:PSK) issued its quarterly earnings data on Monday, July 24th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09, Yahoo Finance reports. The company had revenue of $102.20 million for the quarter. PrairieSky Royalty had a net margin of 39.63% and a return on equity of 5.85%.

PrairieSky Royalty (TSE PSK) traded down 0.82% during mid-day trading on Friday, hitting $27.76. 379,085 shares of the stock traded hands. The firm has a market capitalization of $6.57 billion and a P/E ratio of 75.64. PrairieSky Royalty has a 1-year low of $25.49 and a 1-year high of $34.32. The company has a 50-day moving average of $29.23 and a 200 day moving average of $29.23.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.75 annualized dividend and a dividend yield of 2.70%.

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A number of equities analysts recently commented on the stock. Royal Bank Of Canada raised their target price on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Scotiabank restated a “sector perform” rating and issued a C$36.00 price target on shares of PrairieSky Royalty in a research note on Tuesday, April 25th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$34.00 price target on shares of PrairieSky Royalty in a research note on Tuesday, April 25th. National Bank Financial reduced their price target on shares of PrairieSky Royalty from C$30.00 to C$29.00 in a research note on Friday, June 23rd. Finally, GMP Securities raised their price target on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$33.80.

About PrairieSky Royalty

PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; and 6.7 million acres of GORR Lands.

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