Shares of PrairieSky Royalty Ltd (TSE:PSK) hit a new 52-week low on Thursday . The stock traded as low as C$16.68 and last traded at C$16.80, with a volume of 678174 shares changing hands. The stock had previously closed at C$17.90.
Several analysts have recently weighed in on PSK shares. Canaccord Genuity lowered their target price on PrairieSky Royalty from C$29.00 to C$26.00 in a research note on Tuesday, October 16th. CIBC lowered their target price on PrairieSky Royalty from C$32.00 to C$30.00 in a research note on Friday, October 5th. Raymond James lowered their target price on PrairieSky Royalty from C$28.50 to C$28.00 in a research note on Friday, October 5th. Finally, Macquarie decreased their price target on PrairieSky Royalty from C$26.00 to C$25.00 in a research note on Tuesday, October 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$29.48.
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.34 and a quick ratio of 1.29.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.64%. PrairieSky Royalty’s dividend payout ratio (DPR) is presently 159.90%.
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About PrairieSky Royalty (TSE:PSK)
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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