PrairieSky Royalty (OTCMKTS:PREKF) Now Covered by Raymond James

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

PrairieSky Royalty Stock Performance

Shares of PREKF opened at $20.23 on Friday. PrairieSky Royalty has a fifty-two week low of $15.25 and a fifty-two week high of $21.78. The firm has a 50 day moving average price of $20.20 and a 200-day moving average price of $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.