Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Down – What’s Next?

Freehold Royalties Ltd (OTCMKTS:FRHLF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.47, but opened at $11.75. Freehold Royalties shares last traded at $12.1060, with a volume of 37,074 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FRHLF shares. Raymond James Financial lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday. Desjardins upgraded shares of Freehold Royalties to a “hold” rating in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, March 12th. Finally, National Bank Financial lowered shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Freehold Royalties has a consensus rating of “Hold”.

Freehold Royalties Stock 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 company’s 50-day moving average is $12.52 and its two-hundred day moving average is $11.18. The stock has a market capitalization of $1.98 billion and a P/E ratio of 30.21.

Freehold Royalties (OTCMKTS:FRHLF) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $50.83 million during the quarter. Freehold Royalties had a net margin of 29.19% and a return on equity of 8.68%.

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.