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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of equities analysts have recently commented on the stock. BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Friday, May 29th. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research note on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of PrairieSky Royalty in a report on Friday, July 10th.

PrairieSky Royalty Stock Performance

PrairieSky Royalty stock opened at $26.04 on Friday. PrairieSky Royalty has a 52 week low of $17.09 and a 52 week high of $27.36. The business has a 50-day simple moving average of $24.22 and a 200 day simple moving average of $23.79.

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.