BMO Capital analyst Jeremy McCrea reinstated coverage of PrairieSky Royalty with an Outperform rating and C$30 price target. The analyst believes PrairieSky is one of the strongest business platforms in the basin, “given its unique royalty assets, top profitability, and very little debt.” The firm thinks investors will begin pricing into the stock the company’s “ever-increasing opportunities” across its land.
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Read More on PREKF:
- PrairieSky Announces Quarterly Dividend Payout
- PrairieSky Royalty Declares Quarterly Dividend
- PrairieSky Announces Fourth Quarter And Year-End Results For 2023, Including Record Oil Royalty Production, Strong Leasing Activity And Increased Annual Dividend
- PrairieSky Royalty Announces Conference Call for 2023 Fourth Quarter and Year-End Results
- PrairieSky Royalty price target lowered to C$27.50 from C$29.50 at CIBC
