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

PrairieSky Royalty (OTCMKTS:PREKFGet Free Report) is expected to announce its resultson Monday, July 13th. Analysts expect the company to announce earnings of $0.2957 per share and revenue of $98.2890 million for the quarter.

PrairieSky Royalty Price Performance

Shares of PrairieSky Royalty stock opened at $22.39 on Monday. The business’s fifty day moving average price is $24.08 and its two-hundred day moving average price is $22.54. PrairieSky Royalty has a 1-year low of $16.50 and a 1-year high of $27.36.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Roth Mkm began coverage on PrairieSky Royalty in a report on Thursday, April 30th. They set a “buy” rating on the stock. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, May 20th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on PrairieSky Royalty

About PrairieSky Royalty

(Get Free Report)

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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