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

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

Several equities analysts have recently weighed in on PREKF shares. BMO Capital Markets reiterated an “outperform” rating on shares of PrairieSky Royalty in a research note on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating on shares of PrairieSky Royalty in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a report on Friday, July 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Friday, July 17th.

PrairieSky Royalty Price Performance

Shares of OTCMKTS:PREKF opened at $26.15 on Friday. The stock’s 50-day simple moving average is $24.61 and its two-hundred day simple moving average is $23.95. PrairieSky Royalty has a 52-week low of $17.09 and a 52-week high of $28.07.

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.