Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Rating) have received a consensus rating of "Buy" from the nine brokerages that are presently covering the stock, MarketBeat reports. Four investment 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 $22.31.
A number of equities analysts recently commented on PREKF shares. Scotiabank upped their target price on PrairieSky Royalty from C$20.00 to C$21.00 in a report on Wednesday, June 8th. Royal Bank of Canada raised their target price on PrairieSky Royalty from C$23.00 to C$24.00 in a research report on Tuesday, July 19th. BMO Capital Markets raised their price objective on PrairieSky Royalty from C$23.00 to C$25.00 in a research note on Tuesday, July 19th. Stifel Nicolaus lifted their target price on PrairieSky Royalty from C$23.75 to C$24.00 in a research note on Tuesday, July 19th. Finally, CIBC raised PrairieSky Royalty from a "neutral" rating to an "outperform" rating in a research note on Wednesday, June 15th.
Get PrairieSky Royalty alerts:PrairieSky Royalty Trading Down 0.4 %
Shares of PREKF opened at $13.26 on Monday. PrairieSky Royalty has a twelve month low of $8.30 and a twelve month high of $16.26. The business's 50-day moving average price is $13.67 and its 200-day moving average price is $13.67.
PrairieSky Royalty Company Profile
(Get Rating)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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