PrairieSky Royalty (OTCMKTS:PREKF) Earns Market Perform Rating from Analysts at Raymond James

Raymond James initiated coverage on shares of PrairieSky Royalty (OTCMKTS:PREKF) in a research note released on Friday, Benzinga reports. The firm issued a market perform rating and a $33.00 price target on the stock.

PrairieSky Royalty Price Performance

PREKF stock opened at $20.23 on Friday. PrairieSky Royalty has a 52-week low of $15.25 and a 52-week high of $21.78. The company’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $19.79.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd., a pure-play royalty company, holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.7 million acres with petroleum and/or natural gas rights, 8.5 million acres of gross overriding royalty interests, and other acreage. The company was incorporated in 2013 and is based in Calgary, Canada.