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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several analysts recently issued reports on the company. Roth Mkm assumed coverage on PrairieSky Royalty in a research note on Thursday, April 30th. They issued a “buy” rating for the company. Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, May 20th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Friday, May 29th.

PrairieSky Royalty Stock Performance

PREKF opened at $24.33 on Monday. The business has a fifty day simple moving average of $24.20 and a 200 day simple moving average of $22.21. PrairieSky Royalty has a 1 year low of $16.50 and a 1 year high of $27.36.

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.