PrairieSky Royalty Ltd. (PREKF) Stock Forecast & Predictions

PrairieSky Royalty Ltd PREKF: $11.15

350 7th Avenue SW, Calgary, AB, CA. | Sector: Energy Minerals | Exchange: US OTC | Web: http://www.prairiesky.com

  • Market Cap$2.49B
  • Change (52 Weeks)96.05%
  • Low (52 Weeks)$5.74
  • PrairieSky Royalty Ltd. (PREKF) Forecast Based on Technical Analysis


    Neutral
    Based on 17 Technical Indicators where 35.29% are on Buy, 17.65% on Sell, and 47.06% Neutral.

    According to the market data, PrairieSky Royalty Ltd. (PREKF) stock price is $11.15 and the 52 weeks low is $5.74, which means the PrairieSky Royalty Ltd. stock price is up 96.05% in the last 12 months.

    PrairieSky Royalty Ltd. (PREKF) Stock Price has been Trending Strongly with an ADX reading of 36.12 as per the Weekly Chart.

    A Upward trend indicates that PrairieSky Royalty Ltd. (PREKF) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 17 technical indicators, 35.29% are indicating that PREKF Stock price might rise further, 17.65% indicating that PREKF Stock price might fall, and 47.06% are in a neutral position.

    Based on these technical algorithms, overall PREKF stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    PrairieSky Royalty Ltd. (PREKF) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for PrairieSky Royalty Ltd. (PREKF) is based on 18 Institutional Analyst Ratings where 44.44% are on Strong Buy, 16.67% on Moderate Buy, 33.33% remains on Hold, 5.56% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended PREKF stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of PrairieSky Royalty Ltd..

    PrairieSky Royalty Ltd. (PREKF) Stock Forecast Based on Investor Sentiment


    Neutral
    Based on 384,627 investor portfolio.

    Our algorithm has analysed 384,627 investor portfolio with PREKF stock holdings and found that 42.50% of them are bullish. Which means the Investor Sentiment is mostly Neutral.

    This shows most investors at this stage are confused about PREKF stock price, whille half of them are optimistic that the price can rise further, half of them think the stock is overvalued and the price can fall anytime.

    PrairieSky Royalty Ltd. (PREKF) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    SbankOutperformUpgraded
    Canaccord GenuitySpeculative BuyUpgraded
    Raymond James FinancialOutperformUpgraded
    BMO Capital MarketsUpgraded
    Eight CapitalBuyUpgraded
    National Bank FinancialUpgraded
    Tudor PickeringHoldInitiated
    TD SecuritiesBuyUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    Tudor PickeringHoldInitiated
    Raymond James FinancialOutperformUpgraded
    SbankSector PerformDowngraded
    Canaccord GenuityUpgraded
    CIBC World MarketsNeutralDowngraded
    Raymond James FinancialOutperformUpgraded
    RBC CapitalSector PerformInitiated
    Raymond James FinancialOutperformUpgraded
    BMO Capital MarketsDowngraded
    SbankDowngraded
    National Bank FinancialSector PerformDowngraded
    TD SecuritiesBuyDowngraded
    Eight CapitalNeutralUpgraded
    Tudor PickeringHoldInitiated
    Raymond James FinancialOutperformDowngraded
    Tudor PickeringHoldInitiated
    TD SecuritiesBuyInitiated
    RBC CapitalDowngraded
    Raymond James FinancialOutperformDowngraded
    National Bank FinancialSector PerformDowngraded
    Canaccord GenuityDowngraded
    Raymond James FinancialOutperformUpgraded
    Stifel FirstegyHoldDowngraded
    Stifel NicolausHoldDowngraded
    Tudor PickeringHoldInitiated
    Raymond James FinancialOutperformInitiated
    National Bank FinancialSector PerformDowngraded
    CIBC World MarketsNeutralDowngraded
    TD SecuritiesBuyDowngraded
    RBC CapitalSector PerformDowngraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialSector PerformDowngraded
    Eight CapitalSellDowngraded
    Canaccord GenuityDowngraded
    RBC CapitalDowngraded
    GMP SecuritiesDowngraded
    Raymond James FinancialMarket PerformInitiated
    CIBC World MarketsDowngraded
    National Bank FinancialSector PerformDowngraded
    Raymond James FinancialDowngraded
    GMP SecuritiesDowngraded
    National Bank FinancialSector PerformDowngraded
    RBC CapitalOutperformDowngraded
    Raymond James FinancialMarket PerformUpgraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialUpgraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialSector PerformDowngraded
    Eight CapitalDowngraded
    Canaccord GenuityDowngraded
    RBC CapitalDowngraded
    GMP SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsDowngraded
    Macquarie ResearchDowngraded
    Canaccord GenuityDowngraded
    Raymond James FinancialDowngraded
    CIBC World MarketsDowngraded
    Raymond James FinancialMarket PerformDowngraded
    National Bank FinancialOutperform OverweightUpgraded
    Canaccord GenuityDowngraded
    Raymond James FinancialMarket PerformDowngraded
    TD SecuritiesBuyUpgraded
    Macquarie ResearchNeutralDowngraded
    TD SecuritiesHoldDowngraded
    National Bank FinancialSector PerformDowngraded
    Eight CapitalDowngraded
    BMO Capital MarketsOutperformDowngraded
    TD SecuritiesBuyUpgraded
    CIBC World MarketsUpgraded
    GMP SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformDowngraded
    Canaccord GenuityDowngraded
    RBC CapitalOutperformUpgraded
    TD SecuritiesHoldUpgraded
    Raymond James FinancialMarket PerformDowngraded
    National Bank FinancialUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsOutperformUpgraded
    National Bank FinancialSector PerformDowngraded
    BMO Capital MarketsUpgraded
    TD SecuritiesHoldDowngraded
    RBC CapitalOutperformUpgraded
    GMP SecuritiesUpgraded
    RBC CapitalDowngraded
    National Bank FinancialMaintained
    Raymond James FinancialOutperformMaintained
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsMarket PerformMaintained
    GMP SecuritiesMaintained
    TD SecuritiesBuyMaintained
    Raymond James FinancialOutperformMaintained
    CIBC World MarketsMaintained
    BarclaysMaintained
    SbankSector PerformMaintained
    Canaccord GenuityBuyMaintained
    SbankSector PerformMaintained
    RBC CapitalSector PerformMaintained
    RBC CapitalSector PerformMaintained
    TD SecuritiesHoldDowngraded
    SbankSector PerformMaintained
    Raymond James FinancialOutperformMaintained
    National Bank FinancialSector PerformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsAt Market PerformMaintained
    BarclaysEqual WeightMaintained
    CIBC World MarketsMaintained
    RBC CapitalMaintained
    BarclaysMaintained
    TD SecuritiesBuyMaintained
    BarclaysMaintained
    BMO Capital MarketsMaintained
    Raymond James FinancialMaintained
    BarclaysEqual WeightDowngraded
    Dundee SecuritiesMaintained
    Raymond James FinancialOutperformMaintained
    SbankOutperformMaintained
    First EnergyMaintained
    BMO Capital MarketsAt Market PerformDowngraded
    Raymond James FinancialMaintained
    Dundee SecuritiesMaintained
    CIBC World MarketsMaintained
    Raymond James FinancialMaintained
    Dundee SecuritiesNeutralDowngraded
    CIBC World MarketsMaintained
    Raymond James FinancialOutperformMaintained
    RBC CapitalSector PerformMaintained
    First EnergyAt Market PerformMaintained
    BarclaysOverweightMaintained
    CIBC World MarketsMaintained
    RBC CapitalSector PerformMaintained
    TD SecuritiesBuyMaintained
    National Bank FinancialOutperformMaintained
    Dundee SecuritiesBuyMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysOutperformMaintained
    TD SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    BarclaysOutperformMaintained
    Macquarie ResearchOutperformInitiated
    SbankMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    RBC CapitalMaintained
    National Bank FinancialOutperformMaintained
    BarclaysMaintained
    BMO Capital MarketsOutperformMaintained
    National Bank FinancialOutperformMaintained
    SbankMaintained
    SbankSector PerformMaintained
    BMO Capital MarketsOutperformInitiated
    TD SecuritiesBuyInitiated
    National Bank FinancialOutperformInitiated
    RBC CapitalSector PerformInitiated
    CIBC World MarketsSector OutperformInitiated

    PrairieSky Royalty Ltd. (PREKF) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.091
    The average consensus EPS for PREKF is $0.091 with a high estimate of $0.095 and Low of $0.088 for the period 2021-06-30 and based on 3 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.06$0.04713672020-12-31


    The latest average Earning Per Share Estimate for PrairieSky Royalty Ltd. is $0.09, which is higher than PREKF's last EPS, $0.06. This means that Analysts are expecting PrairieSky Royalty Ltd. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of PrairieSky Royalty Ltd..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.06$0.04713672020-12-31
    $0.04$0.0227252020-09-30
    $0$-0.0176750000000000032020-06-30
    $0.04$0.0479750000000000042020-03-31
    $0.1$0.0732252019-12-31
    $0.07$0.075752019-09-30
    $0.19$0.09092019-06-30
    $0.11$0.082822019-03-31
    $0.03$0.04620752018-12-31
    $0.12$0.108072018-09-30
    $0.11$0.09460672018-06-30
    $0.08$0.093932018-03-31
    $0.17$0.09965672017-12-31
    $0.08$0.058582017-09-30
    $0.17$0.07802252017-06-30
    $0.09$0.094737999999999992017-03-31
    $0.07$0.094687500000000012016-12-31
    $0.05$0.05277252015-12-31
    $0.09$0.170437500000000022015-09-30
    $0.16$0.152512015-06-30
    $0.11$0.1684682015-03-31
    $0.38$0.3032014-12-31
    $0.44$0.31312014-09-30
    $0.18$0.46462014-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).