PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several equities research analysts recently issued reports on the stock. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a report on Wednesday. Roth Mkm began coverage on PrairieSky Royalty in a research report on Thursday, April 30th. They issued a “buy” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th. Finally, TD Securities reissued a “buy” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th.

PrairieSky Royalty Price Performance

Shares of PREKF stock opened at $25.28 on Thursday. The firm has a fifty day moving average price of $23.77 and a 200-day moving average price of $21.50. PrairieSky Royalty has a 1 year low of $16.35 and a 1 year high of $26.12.

About PrairieSky Royalty

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.