Freehold Royalties (OTCMKTS:FRHLF) Reaches New 12-Month High – What’s Next?

Shares of Freehold Royalties Ltd (OTCMKTS:FRHLF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.05 and last traded at $11.4180, with a volume of 21714 shares trading hands. The stock had previously closed at $11.34.

Analysts Set New Price Targets

FRHLF has been the subject of several recent analyst reports. National Bankshares downgraded shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Desjardins reaffirmed a “hold” rating on shares of Freehold Royalties in a research note on Monday, November 17th. Finally, Raymond James Financial upgraded Freehold Royalties from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Freehold Royalties Stock Up 1.0%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $1.88 billion and a PE ratio of 19.74. The company has a fifty day moving average price of $10.86 and a 200-day moving average price of $10.15.

Freehold Royalties (OTCMKTS:FRHLF) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $54.00 million for the quarter. Freehold Royalties had a net margin of 40.11% and a return on equity of 11.99%.

Freehold Royalties Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.0642 per share. This represents a dividend yield of 731.0%. The ex-dividend date was Friday, November 28th. Freehold Royalties’s dividend payout ratio is currently 136.21%.

About Freehold Royalties

Freehold Royalties Ltd is a Canadian energy company focused on the acquisition and management of petroleum and natural gas royalty interests. Rather than directly exploring or producing hydrocarbons, Freehold earns a portion of production revenue from wells operated by third parties. The company’s portfolio spans a variety of royalty structures, including freehold and other non-operated interests, which provide exposure to oil, natural gas and natural gas liquids without bearing the full costs and risks of exploration and development.

Freehold’s assets are concentrated in the Western Canadian Sedimentary Basin, with significant royalty interests in Alberta and British Columbia.