Freehold Royalties (OTCMKTS:FRHLF) Sets New 52-Week High – Should You Buy?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.05 and last traded at $11.4180, with a volume of 21714 shares trading hands. The stock had previously closed at $11.34.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FRHLF shares. Desjardins restated a “hold” rating on shares of Freehold Royalties in a report on Monday, November 17th. National Bankshares cut Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 9th. Finally, Raymond James Financial upgraded Freehold Royalties from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Freehold Royalties Stock Up 1.0%

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 firm has a market cap of $1.88 billion and a PE ratio of 19.74. The business’s 50-day simple moving average is $10.86 and its 200 day simple moving average is $10.15.

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

Freehold Royalties Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.0642 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 731.0%. Freehold Royalties’s dividend payout ratio is presently 136.21%.

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.