PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Stock Rated “Moderate Buy” by Sell-Side Brokerages

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

A number of equities analysts recently commented on PREKF shares. Royal Bank Of Canada restated an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday, July 15th. Raymond James Financial reiterated a “market perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of PrairieSky Royalty in a research report on Friday, July 10th. Finally, Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research note on Friday, July 17th.

PrairieSky Royalty Price Performance

PREKF opened at $23.70 on Wednesday. PrairieSky Royalty has a fifty-two week low of $17.09 and a fifty-two week high of $28.07. The business has a 50-day moving average of $25.32 and a 200-day moving average of $24.27.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. is a Canadian royalty company that owns and manages mineral title lands, primarily in the Western Canadian Sedimentary Basin. Rather than exploring for or producing resources itself, the company grants exploration and development rights to oil and natural gas producers and other resource companies.

PrairieSky generates revenue through royalties, lease payments, rentals, bonuses and other fees associated with the development of its lands. Its mineral interests include rights relating to oil, natural gas, natural gas liquids and other minerals, allowing the company to participate in resource activity without directly funding drilling, production or operating costs.

Established in 2013 and headquartered in Calgary, Alberta, PrairieSky serves resource operators across Western Canada, with its land holdings concentrated primarily in Alberta and extending into other parts of the region.