PrairieSky Royalty Ltd. (OTCMKTS:PREKF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several equities research analysts have recently commented on PREKF shares. Roth Capital began coverage on shares of PrairieSky Royalty in a research note on Thursday, April 30th. They issued a “buy” rating on the stock. BMO Capital Markets reissued an “outperform” rating on shares of PrairieSky Royalty in a report on Friday, May 29th. Finally, Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, May 20th.

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PrairieSky Royalty Trading Down 1.6%

Shares of OTCMKTS:PREKF opened at $22.78 on Friday. The business’s fifty day moving average price is $23.97 and its two-hundred day moving average price is $22.62. PrairieSky Royalty has a fifty-two week low of $16.50 and a fifty-two week high of $27.36.

PrairieSky Royalty Company Profile

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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.

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