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    PSK   CA7397211086

PRAIRIESKY ROYALTY LTD.

(PSK)
  Report
Delayed Toronto Stock Exchange  -  05/27 04:15:20 pm EDT
19.05 CAD   +2.31%
05/19PrairieSky Royalty Gets TSX Approval to Renew Normal Course Issuer Bid
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05/19PRAIRIESKY ROYALTY BRIEF : Receives TSX Approval for Renewed Normal Course Issuer Bid
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05/19PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
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PrairieSky Royalty : Q1 net profit nearly doubles as revenues increase on higher energy prices

04/19/2021 | 06:53pm EDT

CALGARYPrairieSky Royalty Ltd. says its net income more than doubled in the first quarter on a nearly 13 per cent increase in revenues on a rise in crude oil and natural gas prices.

The Calgary-based company, which collects royalties from oil and gas production on lands for which it has the petroleum mineral rights, says it earned $18.8 million or eight cents per share.

That's up from $8.6 million or four cents per share a year earlier when the COVID-19 pandemic had a big impact on the economy

Revenues for the three months ended March 31 were $59.5 million, up from $52.7 million a year earlier and $47 million in the prior quarter.

Royalty production averaged 19,380 barrels of oil equivalent per day, down from 22,160 boe/d a year ago.

It says it realized an average of $55.71 per barrel for oil in the first quarter, up from an average of $42.80 in the first quarter of 2020. Meanwhile, its realized natural gas price rose to $2.45 per thousand cubic feet, up from $1.57 a year earlier.

This report by The Canadian Press was first published April 19, 2021.

Companies in this story: (TSX:PSK)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about PRAIRIESKY ROYALTY LTD.
05/19PrairieSky Royalty Gets TSX Approval to Renew Normal Course Issuer Bid
MT
05/19PRAIRIESKY ROYALTY BRIEF : Receives TSX Approval for Renewed Normal Course Issuer Bid
MT
05/19PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
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05/19PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
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04/26PrairieSky Royalty Hold Rating Maintained by TPH After Management Meetings
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04/25RBC Capital Markets Releases Notes On Crew Energy, Gran Tierra, PrairieSky, Tamarack, T..
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04/19PrairieSky Announces Results of the Annual Meeting of Shareholders and Election of Dire..
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04/19TRANSCRIPT : PrairieSky Royalty Ltd. - Shareholder/Analyst Call
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04/19PrairieSky Royalty Hold Rating Reiterated at TPH, Price Target Raised, on Mixed Q1 Resu..
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04/19TRANSCRIPT : PrairieSky Royalty Ltd., Q1 2022 Earnings Call, Apr 19, 2022
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Analyst Recommendations on PRAIRIESKY ROYALTY LTD.
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Financials
Sales 2022 576 M 452 M 452 M
Net income 2022 - - -
Net Debt 2022 299 M 235 M 235 M
P/E ratio 2022 37,4x
Yield 2022 2,48%
Capitalization 4 549 M 3 569 M 3 569 M
EV / Sales 2022 8,41x
EV / Sales 2023 8,84x
Nbr of Employees 56
Free-Float 98,9%
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Technical analysis trends PRAIRIESKY ROYALTY LTD.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 19,05 CAD
Average target price 23,21 CAD
Spread / Average Target 21,9%
EPS Revisions
Managers and Directors
Andrew M. Phillips President, Chief Executive Officer & Director
Pamela P. Kazeil Chief Financial Officer & Vice President-Finance
James M. Estey Chairman
Cameron M. Proctor Chief Operating Officer & Secretary
Sheldon B. Steeves Independent Director
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