Freehold Royalties (OTCMKTS:FRHLF) Sets New 1-Year High – Here’s Why

Freehold Royalties Ltd (OTCMKTS:FRHLFGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $13.58 and last traded at $12.95, with a volume of 106810 shares. The stock had previously closed at $12.94.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Desjardins reissued a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. National Bank Financial lowered Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research report 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 research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Freehold Royalties presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on FRHLF

Freehold Royalties Stock Performance

The business has a 50-day moving average price of $11.86 and a 200-day moving average price of $10.76. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 22.33.

About Freehold Royalties

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.