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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of equities analysts have commented on PREKF shares. BMO Capital Markets restated an “outperform” rating on shares of PrairieSky Royalty in a research note on Friday, May 29th. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of PrairieSky Royalty in a report on Friday, July 10th. Roth Capital initiated coverage on PrairieSky Royalty in a research report on Thursday, April 30th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of PrairieSky Royalty in a research report on Wednesday, July 15th.

PrairieSky Royalty Trading Down 1.5%

Shares of PREKF stock opened at $24.46 on Tuesday. The stock has a 50 day simple moving average of $23.75 and a 200 day simple moving average of $23.20. PrairieSky Royalty has a 1 year low of $16.50 and a 1 year 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.