PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.
PREKF has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday, October 28th. Raymond James Financial reiterated a “market perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, September 16th. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a report on Monday, October 19th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of PrairieSky Royalty in a research report on Friday, October 9th. Finally, BMO Capital Markets restated an “outperform” rating on shares of PrairieSky Royalty in a research report on Tuesday, October 27th.
Read Our Latest Stock Analysis on PrairieSky Royalty
PrairieSky Royalty Price Performance
PrairieSky Royalty stock opened at $24.95 on Thursday. PrairieSky Royalty has a 52-week low of $18.24 and a 52-week high of $28.07. The firm has a 50-day moving average price of $25.04 and a two-hundred day moving average price of $24.04.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canadian mineral-rights and royalty company focused primarily on oil and natural gas interests in Alberta. The company owns extensive fee-simple mineral title and leases those rights to exploration and production companies, which develop and operate the underlying properties. PrairieSky generates revenue through petroleum and natural gas royalties, lease rentals, lease bonuses, and other payments associated with its mineral lands. Because third-party operators generally fund and conduct exploration, drilling, and production activities, PrairieSky’s business model is focused on managing its land and royalty interests rather than directly operating wells.
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