PrairieSky Royalty (OTCMKTS:PREKF) Price Target Raised to C$23.50

PrairieSky Royalty (OTCMKTS:PREKF – Get Rating) had its target price lifted by investment analysts at Stifel Nicolaus from C$21.00 to C$23.50 in a note issued to investors on Tuesday, The Fly reports.

Several other research analysts have also recently issued reports on the company. National Bank Financial upped their price target on PrairieSky Royalty from C$18.50 to C$22.00 in a report on Friday, February 4th. Scotiabank boosted their target price on shares of PrairieSky Royalty from C$19.00 to C$20.00 in a research note on Monday. Finally, Royal Bank of Canada boosted their target price on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research note on Wednesday, March 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.00.

Shares of PrairieSky Royalty stock traded up $0.66 during trading on Tuesday, hitting $15.20. 16,566 shares of the stock were exchanged, compared to its average volume of 16,453. The stock’s fifty day moving average is $13.71 and its 200 day moving average is $12.42. PrairieSky Royalty has a 12 month low of $8.30 and a 12 month high of $15.45.

PrairieSky Royalty Company Profile (Get Rating)

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It holds an interest in approximately 9.8 million acres with petroleum and/or natural gas rights; 8.5 million acres of gross overriding royalty interests; approximately 0.3 million acres of the GRT interests; and other acreage.

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