PrairieSky Royalty (PrairieSky Royalty) Momentum Rank : 10 (As of May. 05, 2024)

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What is PrairieSky Royalty Momentum Rank?

PrairieSky Royalty has the Momentum Rank of 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of PrairieSky Royalty's Momentum Rank

For the Oil & Gas E&P subindustry, PrairieSky Royalty's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PrairieSky Royalty's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PrairieSky Royalty's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PrairieSky Royalty's Momentum Rank falls into.

PrairieSky Royalty Momentum Rank Related Terms

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PrairieSky Royalty (PrairieSky Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (OTCPK:PREKF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

7PS:Germany PSK:Canada

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

PrairieSky Royalty (PrairieSky Royalty) Headlines

From GuruFocus

PrairieSky to Host Investor Day

By GlobeNewswire GlobeNewswire • 05-09-2023

PrairieSky Royalty Closes Acquisition of Western Canadian Royalty Assets and Expands Sustainability-Linked Loan

By GlobeNewswire GlobeNewswire • 12-15-2021

PrairieSky Royalty Announces Conference Call for Q2 2020 Results

By GlobeNewswire GlobeNewswire • 07-07-2020

PrairieSky Royalty Declares Quarterly Dividend and Provides Update on Normal Course Issuer Bid

By GlobeNewswire GlobeNewswire • 09-09-2020

PrairieSky Recognized as a Global Sustainability Leader in Newly Released ESG Rankings

By GlobeNewswire GlobeNewswire • 01-05-2021

CORRECTION � PrairieSky Royalty Declares Quarterly Dividend

By GlobeNewswire GlobeNewswire • 03-09-2021

PrairieSky Royalty Announces Conference Call For 2020 Annual Results

By GlobeNewswire GlobeNewswire • 01-11-2021