Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) issued its 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. The business had revenue of $70.61 million for the quarter, compared to analyst estimates of $57.17 million. Freehold Royalties had a net margin of 43.59% and a return on equity of 13.92%.
Freehold Royalties Stock Up 2.4%
FRHLF stock opened at $12.26 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.30. Freehold Royalties has a fifty-two week low of $9.38 and a fifty-two week high of $13.58. The firm’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $12.27. The stock has a market cap of $2.01 billion and a PE ratio of 20.10.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on FRHLF. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a research note on Wednesday, May 13th. Royal Bank Of Canada upgraded 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, Based on data from MarketBeat, the stock currently 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.
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