PrairieSky Royalty Ltd (TSE:PSK) – Investment analysts at National Bank Financial upped their FY2018 earnings estimates for PrairieSky Royalty in a research report issued on Monday. National Bank Financial analyst T. Wood now expects that the company will post earnings per share of $0.30 for the year, up from their previous forecast of $0.28.
A number of other research firms have also weighed in on PSK. GMP Securities increased their price objective on shares of PrairieSky Royalty from C$33.00 to C$35.50 in a research report on Wednesday, November 1st. TD Securities reduced their price objective on shares of PrairieSky Royalty from C$34.00 to C$33.00 and set a “hold” rating on the stock in a research report on Tuesday. BMO Capital Markets set a C$38.00 price objective on shares of PrairieSky Royalty and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial reduced their price objective on shares of PrairieSky Royalty from C$31.00 to C$30.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Canaccord Genuity reduced their price objective on shares of PrairieSky Royalty from C$36.00 to C$35.00 in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PrairieSky Royalty presently has a consensus rating of “Hold” and a consensus target price of C$34.85.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.063 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 2.67%. PrairieSky Royalty’s dividend payout ratio is currently 181.71%.
ILLEGAL ACTIVITY NOTICE: “PrairieSky Royalty Ltd (PSK) to Post FY2018 Earnings of $0.30 Per Share, National Bank Financial Forecasts” was published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3230568/prairiesky-royalty-ltd-psk-to-post-fy2018-earnings-of-0-30-per-share-national-bank-financial-forecasts.html.
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.
Receive News & Ratings for PrairieSky Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty and related companies with MarketBeat.com's FREE daily email newsletter.