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

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

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of PrairieSky Royalty in a report on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of PrairieSky Royalty in a research note on Wednesday, July 15th. Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of PrairieSky Royalty in a research note on Friday, July 10th.

PrairieSky Royalty Stock Performance

PREKF opened at $26.04 on Friday. PrairieSky Royalty has a 1-year low of $17.09 and a 1-year high of $27.36. The company’s fifty day moving average price is $24.22 and its two-hundred day moving average price is $23.79.

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.