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

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three investment 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 several recent research reports. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th. TD Securities reaffirmed a “buy” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th. Raymond James Financial raised shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a research report on Tuesday, February 10th.

PrairieSky Royalty Trading Up 0.7%

OTCMKTS PREKF opened at $22.86 on Friday. The firm’s 50 day moving average price is $21.05 and its 200-day moving average price is $19.41. PrairieSky Royalty has a 52-week low of $15.00 and a 52-week high of $23.49.

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.