PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities research analysts recently weighed in on PREKF shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of PrairieSky Royalty in a report on Tuesday, October 21st. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a report on Tuesday. TD Securities reiterated a “buy” rating on shares of PrairieSky Royalty in a research note on Tuesday. Finally, Raymond James Financial upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th.

PrairieSky Royalty Price Performance

Shares of OTCMKTS PREKF traded down $0.54 during trading on Tuesday, hitting $21.82. 7,535 shares of the company traded hands, compared to its average volume of 24,302. The business’s fifty day moving average is $20.10 and its 200 day moving average is $18.77. PrairieSky Royalty has a fifty-two week low of $15.00 and a fifty-two week high of $22.41.

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.