PrairieSky Royalty Ltd (TSE:PSK) announced a monthly dividend on Thursday, February 15th, Zacks reports. Stockholders of record on Wednesday, February 28th will be given a dividend of 0.063 per share on Thursday, March 15th. This represents a $0.76 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, February 27th.
PrairieSky Royalty (PSK) traded up C$0.48 on Thursday, hitting C$29.53. 285,550 shares of the stock traded hands, compared to its average volume of 423,015. PrairieSky Royalty has a 52 week low of C$27.10 and a 52 week high of C$35.90. The firm has a market capitalization of $6,930.00, a PE ratio of 70.83 and a beta of 1.01.
PSK has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. TD Securities boosted their price objective on shares of PrairieSky Royalty from C$32.00 to C$34.00 and gave the stock a “hold” rating in a report on Tuesday, October 31st. Raymond James Financial lowered shares of PrairieSky Royalty from an “outperform” rating to a “market perform” rating and set a C$34.00 price objective for the company. in a report on Tuesday, October 31st. Scotiabank boosted their price objective on shares of PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Finally, CIBC boosted their price objective on shares of PrairieSky Royalty from C$38.00 to C$40.00 in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$35.39.
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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