PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report)’s stock price was down 0.2% during mid-day trading on Friday . The company traded as low as $19.23 and last traded at $19.56. Approximately 14,224 shares were traded during trading, a decline of 24% from the average daily volume of 18,683 shares. The stock had previously closed at $19.5899.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on PREKF shares. CIBC reiterated a “neutral” rating on shares of PrairieSky Royalty in a research note on Tuesday, October 21st. TD Securities reiterated a “buy” rating on shares of PrairieSky Royalty in a report on Tuesday, September 30th. Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Thursday, October 9th. Finally, Raymond James Financial raised PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on PREKF
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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