Recent Investment Analyst Rating Changes for PrairieSky Royalty (PSK)


A number of research firms have changed their ratings and price targets to MeadowSky (TSE: PSK):

  • 04/19/2022 – PrairieSky Royalty has had its price target raised by Royal Bank of Canada analysts from CA$21.00 to CA$22.00. They now have an “industry performance” rating on the title.
  • 04/19/2022 – PrairieSky Royalty had its price target raised by analysts at National Bankshares, Inc. from CA$23.00 to CA$24.00. They now have an “industry performance” rating on the title.
  • 04/19/2022 – PrairieSky Royalty has been given a new price target of CA$26.00 by analysts at Raymond James. They now have an “outperform” rating on the title.
  • 04/14/2022 – PrairieSky Royalty has had its price target lowered by analysts at National Bankshares, Inc. from CA$23.00 to CA$22.00.
  • 03/25/2022 – PrairieSky Royalty had its price target raised by analysts at Raymond James from CA$22.50 to CA$26.00. They now have an “outperform” rating on the title.
  • 03/23/2022 – PrairieSky Royalty has had its price target raised by Royal Bank of Canada analysts from CA$20.00 to CA$21.00. They now have an “industry performance” rating on the title.
  • 03/14/2022 – PrairieSky Royalty had its price target raised by BMO Capital Markets analysts from CA$20.00 to CA$23.00.
  • 3/8/2022 – PrairieSky Royalty had its price target raised by Scotiabank analysts from CA$17.00 to CA$19.00.
  • 03/03/2022 – PrairieSky Royalty had its price target raised by CIBC analysts from CA$22.00 to CA$24.00.

PrairieSky Royalty stock traded C$0.06 midday Monday to C$17.12. The stock recorded a trading volume of 817,560 shares, against an average volume of 601,723. The company’s 50-day simple moving average is C$17.42 and its 200-day simple moving average is C$17.42. $15.66 CAD. PrairieSky Royalty Ltd. has a 1-year low of C$12.51 and a 1-year high of C$19.48. The stock has a market capitalization of C$4.09 billion and a P/E ratio of 31.13. The company has a debt ratio of 24.86, a quick ratio of 1.18 and a current ratio of 1.19.

PrairieSky Royalty (TSE:PSK – Get Rating) last announced its results on Monday, February 7. The company reported earnings per share (EPS) of C$0.19 for the quarter, beating the Zacks consensus estimate of C$0.18 by C$0.01. The company had revenue of C$100.60 million in the quarter. On average, sell-side analysts expect PrairieSky Royalty Ltd. will show earnings per share of 1.0399999 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 31 received a dividend of $0.12 per share. This is a positive change from PrairieSky Royalty’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.48 and a dividend yield of 2.80%. PrairieSky Royalty’s payout ratio is 66.36%.

In other PrairieSky Royalty news, Director Myron Maurice Stadnyk purchased 2,000 shares of PrairieSky Royalty in a trade dated Thursday, April 21. The stock was purchased at an average price of CA$18.41 per share, for a total transaction of CA$36,812.40. Following the purchase, the director now owns 27,000 shares of the company, valued at approximately C$496,967.40. Additionally, senior officer Andrew Phillips purchased 4,000 shares of PrairieSky Royalty in a trade that took place on Monday, April 25. The shares were purchased at an average price of CA$16.66 per share, with a total value of CA$66,637.60. Following the completion of the purchase, the insider now directly owns 644,804 shares of the company, valued at C$10,742,047.76. Insiders have acquired a total of 19,000 shares of the company worth $318,598 over the past ninety days.

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia and Manitoba in Canada. It has an interest in approximately 9.8 million acres with oil and/or natural gas rights; 8.5 million acres of gross overriding royalties; approximately 0.3 million acres of GRT interests; and other surfaces.

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