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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

PREKF has been the topic of a number of research analyst reports. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th. TD Securities reissued a “buy” rating on shares of PrairieSky Royalty in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of PrairieSky Royalty in a research note on Tuesday, October 21st. Finally, Raymond James Financial upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th.

PrairieSky Royalty Stock Performance

PrairieSky Royalty stock opened at $21.89 on Tuesday. PrairieSky Royalty has a 1-year low of $15.00 and a 1-year high of $22.41. The firm’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $18.92.

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.