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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

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

PrairieSky Royalty Stock Performance

Shares of OTCMKTS:PREKF opened at $23.07 on Wednesday. The company’s fifty day moving average is $22.56 and its 200-day moving average is $20.24. PrairieSky Royalty has a 52 week low of $15.00 and a 52 week high of $24.17.

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.