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

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

Several brokerages have commented on PREKF. TD Securities reaffirmed a “buy” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th. Scotiabank reaffirmed a “sector perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, May 20th. Finally, Roth Mkm began coverage on shares of PrairieSky Royalty in a research note on Thursday, April 30th. They issued a “buy” rating for the company.

PrairieSky Royalty Stock Down 1.5%

Shares of OTCMKTS:PREKF opened at $24.28 on Thursday. PrairieSky Royalty has a 52 week low of $16.35 and a 52 week high of $26.12. The company has a 50 day moving average price of $23.93 and a two-hundred day moving average price of $21.75.

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.