PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

PREKF has been the topic of several recent research reports. 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 report on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research note on Friday, May 29th. Finally, Roth Capital assumed coverage on shares of PrairieSky Royalty in a research note on Thursday, April 30th. They set a “buy” rating on the stock.

PrairieSky Royalty Stock Up 1.9%

PREKF opened at $24.38 on Friday. The company has a fifty day moving average price of $23.85 and a two-hundred day moving average price of $22.76. PrairieSky Royalty has a 52 week low of $16.50 and a 52 week high of $27.36.

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.