Stocks of PrairieSky Royalty Ltd. (TSE:PSK – Get Loose Record) hit a brand new 52-week top on Monday after Raymond James raised their fee goal at the inventory from C$30.00 to C$33.00. Raymond James recently has an outperform score at the inventory. PrairieSky Royalty traded as top as C$25.80 and ultimate traded at C$25.77, with a quantity of 8993 stocks buying and selling palms. The inventory had prior to now closed at C$25.80.

Different analysis analysts have additionally issued analysis stories concerning the corporate. TD Securities raised their fee function on PrairieSky Royalty from C$23.00 to C$24.00 and gave the corporate a “dangle” score in a file on Tuesday, July 18th. Nationwide Bankshares raised their goal fee on PrairieSky Royalty from C$23.00 to C$26.00 in a analysis word on Thursday, June twenty ninth. Royal Financial institution of Canada raised their goal fee on PrairieSky Royalty from C$25.00 to C$26.00 and gave the inventory a “sector carry out” score in a analysis word on Tuesday, July 18th. Canaccord Genuity Team raised their goal fee on PrairieSky Royalty from C$23.75 to C$24.75 in a analysis word on Tuesday, July 18th. In spite of everything, CIBC raised their goal fee on PrairieSky Royalty from C$26.50 to C$28.50 in a analysis word on Friday, July 14th. Two equities analysis analysts have rated the inventory with a dangle score and 4 have issued a purchase score to the corporate. In step with knowledge from MarketBeat, the inventory has a median score of “Average Purchase” and a median goal fee of C$25.82.

Test Out Our Newest Inventory Record on PrairieSky Royalty

PrairieSky Royalty Inventory Efficiency

The corporate has a marketplace capitalization of C$6.02 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 0.47 and a beta of one.82. The corporate has a debt-to-equity ratio of 8.77, a handy guide a rough ratio of 0.65 and a present ratio of 0.65. The company has a 50-day easy transferring reasonable of C$25.82 and a two-hundred day easy transferring reasonable of C$23.47.

PrairieSky Royalty (TSE:PSK – Get Loose Record) ultimate launched its revenue effects on Monday, July seventeenth. The corporate reported C$0.20 revenue in step with percentage for the quarter, beating the consensus estimate of C$0.19 through C$0.01. The corporate had earnings of C$117.40 million all over the quarter, in comparison to the consensus estimate of C$119.00 million. PrairieSky Royalty had a go back on fairness of 9.08% and a web margin of 47.63%. On reasonable, sell-side analysts watch for that PrairieSky Royalty Ltd. will publish 1.0214662 EPS for the present fiscal 12 months.

PrairieSky Royalty Publicizes Dividend

The corporate additionally lately introduced a quarterly dividend, which used to be paid on Monday, July seventeenth. Shareholders of file on Monday, July seventeenth got a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of three.81%. The ex-dividend date of this dividend used to be Thursday, June twenty ninth. PrairieSky Royalty’s dividend payout ratio is recently 92.31%.

PrairieSky Royalty Corporate Profile

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PrairieSky Royalty Ltd., a pure-play royalty corporate, holds crude oil and herbal gasoline royalty pursuits in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an pastime in roughly 9.7 million acres with petroleum and/or herbal gasoline rights, 8.6 million acres of gross overriding royalty pursuits, and different acreage.

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