PrairieSky Royalty (TSE:PSK) Given a C$16.00 Price Target by Tudor Pickering & Holt Analysts

Tudor Pickering & Holt set a C$16.00 target price on PrairieSky Royalty (TSE:PSK) in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada cut PrairieSky Royalty from an outperform rating to a sector perform rating and cut their target price for the company from C$21.00 to C$17.00 in a research report on Tuesday, October 29th. Eight Capital cut PrairieSky Royalty from a neutral rating to a sell rating and cut their target price for the company from C$16.75 to C$12.15 in a research report on Tuesday, October 29th. Raymond James reaffirmed a market perform rating and set a C$17.00 target price on shares of PrairieSky Royalty in a research report on Tuesday, October 29th. National Bank Financial cut their target price on PrairieSky Royalty from C$16.50 to C$16.00 and set a sector perform rating on the stock in a research report on Friday, January 31st. Finally, CIBC cut PrairieSky Royalty from an outperform rating to a neutral rating and cut their target price for the company from C$21.00 to C$18.00 in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. PrairieSky Royalty has an average rating of Hold and an average target price of C$17.56.

Shares of TSE:PSK opened at C$14.45 on Tuesday. The stock has a market cap of $3.37 billion and a price-to-earnings ratio of 36.31. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. PrairieSky Royalty has a 12-month low of C$11.99 and a 12-month high of C$20.73. The business’s 50 day moving average is C$15.14 and its 200 day moving average is C$15.68.

The business also recently announced a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 28th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.78 annualized dividend and a dividend yield of 5.40%. PrairieSky Royalty’s payout ratio is 195.98%.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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