PrairieSky Royalty Ltd (TSE:PSK) announced a monthly dividend on Monday, November 12th, Zacks reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.065 per share on Monday, December 17th. This represents a $0.78 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, November 29th.
PrairieSky Royalty stock opened at C$18.40 on Friday. PrairieSky Royalty has a 52-week low of C$17.94 and a 52-week high of C$34.33. The company has a quick ratio of 1.29, a current ratio of 1.34 and a debt-to-equity ratio of 0.02.
A number of equities research analysts have issued reports on the stock. CIBC reduced their target price on shares of PrairieSky Royalty from C$30.00 to C$25.00 in a report on Thursday. Canaccord Genuity reduced their target price on shares of PrairieSky Royalty from C$29.00 to C$26.00 in a report on Tuesday, October 16th. Raymond James reduced their price objective on shares of PrairieSky Royalty from C$28.50 to C$28.00 in a report on Friday, October 5th. Finally, Macquarie reduced their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$29.48.
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; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.
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