PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Three 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 a number of recent research reports. Scotiabank reaffirmed a “sector perform” rating on shares of PrairieSky Royalty in a research report on Monday, October 19th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of PrairieSky Royalty in a report on Friday, October 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of PrairieSky Royalty in a research note on Wednesday, July 15th. Finally, Raymond James Financial reissued a “market perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, September 16th.

PrairieSky Royalty Price Performance

Shares of PREKF stock opened at $26.18 on Friday. The firm has a 50 day moving average of $25.22 and a two-hundred day moving average of $24.40. PrairieSky Royalty has a 52 week low of $17.09 and a 52 week high of $28.07.

About PrairieSky Royalty

PrairieSky Royalty Ltd. is a Canadian royalty and mineral-rights company focused on the ownership and management of fee-simple mineral title lands. The company’s holdings are concentrated primarily in Alberta, with additional interests in other parts of Western Canada. Rather than developing the properties itself, PrairieSky grants rights to oil and natural gas producers and earns revenue from royalties and related arrangements.

Its business activities include leasing mineral rights, receiving bonus payments and lease rentals, and collecting royalties on petroleum and natural gas production from its lands.