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

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several brokerages recently weighed in on PREKF. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research report on Friday, May 29th. Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, May 20th. Finally, Roth Capital assumed coverage on shares of PrairieSky Royalty in a report on Thursday, April 30th. They set a “buy” rating on the stock.

PrairieSky Royalty Trading Down 1.6%

Shares of OTCMKTS:PREKF opened at $22.78 on Friday. PrairieSky Royalty has a 1 year low of $16.50 and a 1 year high of $27.36. The business has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $22.62.

About PrairieSky Royalty

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.