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

PrairieSky Royalty Ltd. (OTCMKTS:PREKF) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of equities analysts have issued reports on the stock. Raymond James Financial reissued a “market perform” rating on shares of PrairieSky Royalty in a report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of PrairieSky Royalty in a research report on Friday, October 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of PrairieSky Royalty in a research report on Wednesday, October 28th. BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Tuesday, October 27th. Finally, Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Monday, October 19th.

PrairieSky Royalty Stock Down 0.2%

Shares of OTCMKTS:PREKF opened at $24.95 on Thursday. PrairieSky Royalty has a fifty-two week low of $18.24 and a fifty-two week high of $28.07. The firm has a 50-day simple moving average of $25.04 and a 200 day simple moving average of $24.04.

About PrairieSky Royalty

PrairieSky Royalty Ltd. is a Canadian mineral-rights and royalty company focused primarily on oil and natural gas interests in Alberta. The company owns extensive fee-simple mineral title and leases those rights to exploration and production companies, which develop and operate the underlying properties. PrairieSky generates revenue through petroleum and natural gas royalties, lease rentals, lease bonuses, and other payments associated with its mineral lands. Because third-party operators generally fund and conduct exploration, drilling, and production activities, PrairieSky’s business model is focused on managing its land and royalty interests rather than directly operating wells.