PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.01 and traded as high as $25.23. PrairieSky Royalty shares last traded at $25.20, with a volume of 5,907 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on PREKF shares. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research note on Monday, October 19th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of PrairieSky Royalty in a research note on Friday, October 9th. Royal Bank Of Canada restated an “outperform” rating on shares of PrairieSky Royalty in a research note on Wednesday, October 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a report on Tuesday, October 27th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
View Our Latest Report on PREKF
PrairieSky Royalty Stock Up 1.0%
The company’s 50 day moving average price is $25.01 and its 200 day moving average price is $24.06.
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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