Freehold Royalties (OTCMKTS:FRHLF) Issues Quarterly Earnings Results

Freehold Royalties (OTCMKTS:FRHLF) announced its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03), Zacks reports. Freehold Royalties had a return on equity of 11.99% and a net margin of 40.11%.The firm had revenue of $50.83 million during the quarter.

Freehold Royalties Price Performance

OTCMKTS FRHLF traded down $0.87 during trading hours on Thursday, reaching $12.37. 115,089 shares of the company’s stock were exchanged, compared to its average volume of 106,557. The firm has a fifty day moving average of $12.06 and a 200-day moving average of $10.88. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. Freehold Royalties has a one year low of $7.45 and a one year high of $13.58. The stock has a market cap of $2.03 billion and a PE ratio of 21.32.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FRHLF shares. Raymond James Financial upgraded Freehold Royalties from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th. Desjardins reaffirmed a “hold” rating on shares of Freehold Royalties in a report on Monday, November 17th. Finally, National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.