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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of research firms have recently commented on PREKF. Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of PrairieSky Royalty in a research report on Friday. Roth Capital began coverage on shares of PrairieSky Royalty in a research note on Thursday, April 30th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Friday, May 29th.

PrairieSky Royalty Stock Up 1.2%

OTCMKTS PREKF opened at $23.65 on Friday. PrairieSky Royalty has a twelve month low of $16.50 and a twelve month high of $27.36. The stock has a 50-day moving average of $23.86 and a 200 day moving average of $22.70.

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.