Freehold Royalties (OTCMKTS:FRHLF) Reaches New 12-Month High – Here’s Why

Freehold Royalties Ltd (OTCMKTS:FRHLF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.78 and last traded at $11.1880, with a volume of 9228 shares trading hands. The stock had previously closed at $11.12.

Analyst Ratings Changes

FRHLF has been the topic of several research reports. National Bankshares downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Raymond James Financial raised Freehold Royalties from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. Finally, Desjardins reiterated a “hold” rating on shares of Freehold Royalties in a report on Monday, November 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from 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 has a market cap of $1.83 billion and a price-to-earnings ratio of 19.28. The stock has a 50 day moving average price of $10.77 and a two-hundred day moving average price of $10.10.

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

Freehold Royalties Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.0642 dividend. This represents a yield of 731.0%. The ex-dividend date of this dividend was Friday, November 28th. 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.