PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Receives Consensus Rating of “Moderate Buy” from Brokerages

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of research analysts recently commented on the company. Roth Mkm assumed coverage on PrairieSky Royalty in a research note on Thursday, April 30th. They set a “buy” rating for the company. BMO Capital Markets restated an “outperform” rating on shares of PrairieSky Royalty in a research note on Friday, May 29th. Finally, Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, May 20th.

PrairieSky Royalty Stock Performance

Shares of PREKF opened at $22.44 on Monday. The stock has a fifty day moving average price of $24.18 and a 200 day moving average price of $22.35. PrairieSky Royalty has a 12 month low of $16.50 and a 12 month high of $27.36.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd (OTCMKTS: PREKF) is a Canadian energy royalty company that acquires and manages a diversified portfolio of oil and natural gas royalty interests. The company’s business model is centered on generating recurring, production-based revenue streams by owning freehold, crown, and overriding royalty interests across key resource plays. By not participating directly in exploration or production, PrairieSky Royalty benefits from lower operating risk and capital expenditure requirements compared with traditional upstream operators.

PrairieSky Royalty’s asset base is concentrated in the Western Canadian Sedimentary Basin, with significant holdings in Saskatchewan and Alberta, as well as smaller interests in British Columbia and Manitoba.