Freehold Royalties (OTCMKTS:FRHLF) Announces Earnings Results, Beats Expectations By $0.02 EPS

Freehold Royalties (OTCMKTS:FRHLF) issued its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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%.

Freehold Royalties Price Performance

OTCMKTS:FRHLF traded up $0.14 during mid-day trading on Tuesday, hitting $12.98. 26,834 shares of the company’s stock traded hands, compared to its average volume of 105,675. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $11.69. Freehold Royalties has a 1 year low of $8.50 and a 1 year high of $13.58. The company has a market cap of $2.13 billion and a PE ratio of 32.45.

Analyst Upgrades and Downgrades

FRHLF has been the subject of several recent analyst reports. Royal Bank Of Canada upgraded shares of Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce upgraded shares of Freehold Royalties to a “hold” rating in a report on Thursday, March 12th. Desjardins upgraded shares of Freehold Royalties to a “hold” rating in a report on Friday, March 13th. Finally, Raymond James Financial downgraded shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating in a report on Monday, March 30th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Freehold Royalties presently has an average 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.