Raymond James Initiates Coverage on PrairieSky Royalty (OTCMKTS:PREKF)

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

PrairieSky Royalty Stock Down 0.1 %

Shares of PREKF opened at $20.23 on Friday. The firm’s fifty day moving average is $20.20 and its two-hundred day moving average is $19.79. PrairieSky Royalty has a 52-week low of $15.25 and a 52-week high of $21.78.

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.