PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Rating) has been assigned a consensus rating of "Buy" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $22.25.

Several research firms have recently weighed in on PREKF. Scotiabank raised their price objective on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research report on Wednesday, June 8th. Canaccord Genuity Group began coverage on shares of PrairieSky Royalty in a research report on Thursday, August 25th. They set a "buy" rating and a C$21.75 price objective on the stock. CIBC upgraded shares of PrairieSky Royalty from a "neutral" rating to an "outperform" rating in a research report on Wednesday, June 15th. Royal Bank of Canada raised their price objective on shares of PrairieSky Royalty from C$23.00 to C$24.00 in a research report on Tuesday, July 19th. Finally, Stifel Nicolaus raised their price objective on shares of PrairieSky Royalty from C$23.75 to C$24.00 in a research report on Tuesday, July 19th.

PrairieSky Royalty Trading Down 2.6 %

OTCMKTS PREKF opened at $12.47 on Tuesday. PrairieSky Royalty has a 1 year low of $9.50 and a 1 year high of $16.26. The company's 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $13.83.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.

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