PrairieSky Royalty (PREKF) Projected to Post Quarterly Earnings on Monday

PrairieSky Royalty (OTCMKTS:PREKF) is expected to issue its results after the market closes on Monday, October 26th. Analysts expect the company to announce earnings of $0.2493 per share and revenue of $130.00 million for the quarter.

PrairieSky Royalty Price Performance

Shares of PREKF opened at $26.18 on Friday. The firm has a fifty day moving average price of $25.22 and a 200 day moving average price of $24.40. PrairieSky Royalty has a 1-year low of $17.09 and a 1-year high of $28.07.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PREKF shares. Raymond James Financial restated a “market perform” rating on shares of PrairieSky Royalty in a report on Wednesday, September 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research note on Wednesday, July 15th. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a report on Monday, October 19th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of PrairieSky Royalty in a research report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About PrairieSky Royalty

PrairieSky Royalty Ltd. is a Canadian royalty and mineral-rights company focused on the ownership and management of fee-simple mineral title lands. The company’s holdings are concentrated primarily in Alberta, with additional interests in other parts of Western Canada. Rather than developing the properties itself, PrairieSky grants rights to oil and natural gas producers and earns revenue from royalties and related arrangements.

Its business activities include leasing mineral rights, receiving bonus payments and lease rentals, and collecting royalties on petroleum and natural gas production from its lands.