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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

PREKF has been the topic of several recent research reports. Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, May 20th. Roth Mkm initiated coverage on PrairieSky Royalty in a research report on Thursday, April 30th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets restated an “outperform” rating on shares of PrairieSky Royalty in a research report on Friday, May 29th.

PrairieSky Royalty Stock Performance

Shares of PREKF stock opened at $22.44 on Monday. PrairieSky Royalty has a 52-week low of $16.50 and a 52-week high of $27.36. The stock’s 50-day moving average price is $24.18 and its 200 day moving average price is $22.33.

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.