- PrairieSky Royalty reported first-quarter revenue of C$128.1 million, which surpassed the estimated C$123.8 million and marked a 6.1% increase year-over-year (y/y).
- Earnings per share (EPS) stood at C$0.25, matching expectations and improving from C$0.20 y/y.
- Funds from operations (FFO) per share remained steady at C$0.36, aligning with estimates and showing a slight increase from C$0.35 y/y.
- Average royalty production was 25,339 barrels of oil equivalent per day (boe/d), which showed a 2.6% decrease y/y and fell short of the estimated 25,905 boe/d.
- Analyst recommendations: 5 buy ratings, 6 hold ratings, and no sell ratings.
A look at Prairiesky Royalty Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Prairiesky Royalty, the company seems to have a positive long-term outlook. With a strong score of 4 for Dividend, Growth, and Resilience, it indicates that Prairiesky Royalty is performing well in terms of providing dividends, showing growth potential, and withstanding market challenges. Additionally, the company’s score of 3 in Value suggests that it is reasonably priced compared to its intrinsic value. While the Momentum score is at 3, indicating a moderate pace, the overall outlook remains optimistic.
PrairieSky Royalty Ltd, as described, generates free cash flow and growth through indirect oil and gas investments. With solid scores in Dividend, Growth, and Resilience, the company appears well-positioned to thrive in the long run. While there may be room for improvement in Value and Momentum, Prairiesky Royalty‘s strong performance in key areas bodes well for its future prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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