PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) dropped 0.2% during trading on Friday . The stock traded as low as $19.23 and last traded at $19.56. Approximately 14,224 shares traded hands during trading, a decline of 24% from the average daily volume of 18,683 shares. The stock had previously closed at $19.5899.
Analysts Set New Price Targets
PREKF has been the topic of a number of recent research reports. TD Securities reiterated a “buy” rating on shares of PrairieSky Royalty in a report on Tuesday, September 30th. Raymond James Financial upgraded shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. CIBC reiterated a “neutral” rating on shares of PrairieSky Royalty in a report on Tuesday, October 21st. Finally, Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
View Our Latest Report on PrairieSky Royalty
PrairieSky Royalty Price Performance
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd (OTCMKTS: PREKF) is a Canadian energy royalty company that acquires and manages a diversified portfolio of oil and natural gas royalty interests. The company’s business model is centered on generating recurring, production-based revenue streams by owning freehold, crown, and overriding royalty interests across key resource plays. By not participating directly in exploration or production, PrairieSky Royalty benefits from lower operating risk and capital expenditure requirements compared with traditional upstream operators.
PrairieSky Royalty’s asset base is concentrated in the Western Canadian Sedimentary Basin, with significant holdings in Saskatchewan and Alberta, as well as smaller interests in British Columbia and Manitoba.
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