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

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

Several equities research analysts have recently weighed in on the company. Raymond James Financial upgraded PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. BMO Capital Markets reiterated an “outperform” rating on shares of PrairieSky Royalty in a research report on Tuesday. TD Securities reissued a “buy” rating on shares of PrairieSky Royalty in a report on Tuesday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a report on Tuesday, October 21st. Finally, Scotiabank reiterated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Tuesday.

PrairieSky Royalty Price Performance

OTCMKTS PREKF opened at $21.74 on Tuesday. PrairieSky Royalty has a twelve month low of $15.00 and a twelve month high of $22.41. The company’s 50-day simple moving average is $20.24 and its 200 day simple moving average is $18.84.

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.