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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

PREKF has been the topic of several recent research reports. Scotiabank reaffirmed a “sector perform” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th. Finally, TD Securities reaffirmed a “buy” rating on shares of PrairieSky Royalty in a research note on Tuesday, February 10th.

PrairieSky Royalty Stock Up 1.8%

Shares of PREKF opened at $23.54 on Wednesday. PrairieSky Royalty has a 52-week low of $15.00 and a 52-week high of $24.17. The firm’s fifty day moving average is $22.66 and its two-hundred day moving average is $20.31.

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.