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

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

Several research analysts have recently issued reports on PREKF shares. Scotiabank reaffirmed a “sector perform” rating on shares of PrairieSky Royalty in a research note on Friday, July 17th. BMO Capital Markets reiterated an “outperform” rating on shares of PrairieSky Royalty in a research report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday, July 15th. Roth Capital began coverage on shares of PrairieSky Royalty in a research report on Thursday, April 30th. They issued a “buy” rating for the company. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a research note on Friday, July 10th.

PrairieSky Royalty Trading Down 0.2%

PrairieSky Royalty stock opened at $24.12 on Tuesday. The stock has a 50-day moving average price of $23.73 and a two-hundred day moving average price of $23.30. PrairieSky Royalty has a 12 month low of $16.75 and a 12 month high of $27.36.

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.