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

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several research analysts recently weighed in on the stock. TD Securities restated a “buy” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th. BMO Capital Markets reiterated an “outperform” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th. Raymond James Financial raised PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. Finally, Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th.

PrairieSky Royalty Trading Down 1.5%

Shares of PREKF stock opened at $22.94 on Friday. PrairieSky Royalty has a 1 year low of $15.00 and a 1 year high of $23.49. The firm’s 50 day moving average is $21.39 and its 200-day moving average is $19.61.

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.