Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02, Zacks reports. Freehold Royalties had a net margin of 29.19% and a return on equity of 8.79%. The company had revenue of $55.93 million for the quarter, compared to analysts’ expectations of $52.04 million.
Freehold Royalties Stock Up 1.1%
Shares of OTCMKTS:FRHLF opened at $12.98 on Wednesday. The company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 32.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50-day moving average is $12.66 and its 200-day moving average is $11.71. Freehold Royalties has a 1 year low of $8.50 and a 1 year high of $13.58.
Analyst Ratings Changes
Several analysts recently weighed in on FRHLF shares. Royal Bank Of Canada raised shares of Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce raised shares of Freehold Royalties to a “hold” rating in a research note on Thursday, March 12th. Desjardins raised shares of Freehold Royalties to a “hold” rating in a research note on Friday, March 13th. Finally, Raymond James Financial cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 30th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Freehold Royalties currently has a consensus rating of “Hold”.
Freehold Royalties Company Profile
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.
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