Freehold Royalties (OTCMKTS:FRHLF) Trading Down 0.3% – Should You Sell?

Shares of Freehold Royalties Ltd (OTCMKTS:FRHLF) traded down 0.3% during trading on Tuesday . The company traded as low as $10.74 and last traded at $10.7830. 150,096 shares were traded during mid-day trading, an increase of 37% from the average session volume of 109,922 shares. The stock had previously closed at $10.82.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FRHLF. Raymond James Financial upgraded Freehold Royalties from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. Desjardins reaffirmed a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Freehold Royalties Price Performance

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.77 billion and a PE ratio of 18.59. The company’s 50 day moving average is $10.70 and its 200-day moving average is $10.04.

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

Freehold Royalties Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.0642 per share. This represents a yield of 731.0%. The ex-dividend date was Friday, November 28th. Freehold Royalties’s dividend payout ratio (DPR) is 132.76%.

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.