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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

PREKF has been the subject of a number of research reports. TD Securities reiterated a “buy” rating on shares of PrairieSky Royalty in a research report on Tuesday. Scotiabank reaffirmed a “sector perform” rating on shares of PrairieSky Royalty in a research note on Tuesday. Raymond James Financial raised shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of PrairieSky Royalty in a research report on Tuesday, October 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a report on Tuesday.

PrairieSky Royalty Stock Down 2.4%

Shares of PREKF traded down $0.54 during mid-day trading on Tuesday, hitting $21.82. 7,535 shares of the company traded hands, compared to its average volume of 24,302. PrairieSky Royalty has a 1 year low of $15.00 and a 1 year high of $22.41. The stock has a 50-day moving average price of $20.10 and a two-hundred day moving average price of $18.77.

About PrairieSky Royalty

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.