Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06, Zacks reports. Freehold Royalties had a return on equity of 8.84% and a net margin of 29.91%.
Freehold Royalties Price Performance
OTCMKTS FRHLF traded up $0.29 during trading hours on Wednesday, reaching $11.97. 37,457 shares of the stock traded hands, compared to its average volume of 94,553. The stock has a 50 day simple moving average of $11.94 and a two-hundred day simple moving average of $12.25. Freehold Royalties has a 1 year low of $9.38 and a 1 year high of $13.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $1.96 billion and a price-to-earnings ratio of 30.69.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research report on Wednesday, May 13th. Royal Bank Of Canada upgraded shares of Freehold Royalties to a “hold” rating in a research report on Monday, April 13th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Freehold Royalties presently has an average rating of “Hold”.
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.
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