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

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

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

PrairieSky Royalty Stock Performance

Shares of OTCMKTS PREKF opened at $24.33 on Monday. PrairieSky Royalty has a 12 month low of $16.50 and a 12 month high of $27.36. The stock has a 50 day moving average of $24.20 and a 200-day moving average of $22.21.

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.