PrairieSky Royalty (OTCMKTS:PREKF – Get Free Report) is expected to post its results after the market closes on Monday, October 26th. Analysts expect PrairieSky Royalty to announce earnings of $0.2528 per share and revenue of $130.00 million for the quarter.
PrairieSky Royalty Trading Up 1.3%
Shares of PrairieSky Royalty stock opened at $26.18 on Friday. The company’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $24.40. PrairieSky Royalty has a 52 week low of $17.09 and a 52 week high of $28.07.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of PrairieSky Royalty in a research report on Friday, October 9th. Raymond James Financial reiterated a “market perform” rating on shares of PrairieSky Royalty in a report on Wednesday, September 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of PrairieSky Royalty in a research report on Wednesday, July 15th. Finally, Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, PrairieSky Royalty currently has an average rating of “Moderate Buy”.
View Our Latest Stock Report on PREKF
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.
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