PrairieSky Royalty (OTCMKTS:PREKF) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.15 and traded as high as $19.40. PrairieSky Royalty shares last traded at $19.40, with a volume of 41,221 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on PREKF shares. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Thursday, October 9th. TD Securities reaffirmed a “buy” rating on shares of PrairieSky Royalty in a research note on Tuesday, September 30th. National Bankshares reissued a “sector perform” rating on shares of PrairieSky Royalty in a research report on Tuesday, July 15th. CIBC reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a research note on Tuesday, October 21st. Finally, Raymond James Financial reissued a “market perform” rating on shares of PrairieSky Royalty in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

PrairieSky Royalty Stock Up 2.1%

The stock has a 50 day moving average price of $18.15 and a two-hundred day moving average price of $17.54.

About PrairieSky Royalty

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.