Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Down – Here’s What Happened

Freehold Royalties Ltd (OTCMKTS:FRHLF) gapped down before the market opened on Thursday . The stock had previously closed at $12.95, but opened at $12.46. Freehold Royalties shares last traded at $12.46, with a volume of 645 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James Financial reissued a “market perform” rating on shares of Freehold Royalties in a report on Wednesday. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Freehold Royalties Trading Up 0.8%

The firm has a market cap of $2.06 billion and a P/E ratio of 20.57. The stock has a 50 day simple moving average of $12.33 and a 200-day simple moving average of $12.39. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28.

Freehold Royalties (OTCMKTS:FRHLF) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $70.61 million during the quarter, compared to analysts’ expectations of $70.60 million. Freehold Royalties had a net margin of 43.59% and a return on equity of 13.90%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. is a Canadian energy royalty company that owns mineral title and royalty interests in oil and natural gas properties. Rather than operating wells directly, the company receives royalty payments from exploration and production companies developing resources on its lands.

Freehold’s portfolio is concentrated in Western Canada, including Alberta, Saskatchewan, Manitoba and British Columbia, and it also holds royalty interests in selected properties in the United States.