Freehold Royalties (OTCMKTS:FRHLF) Hits New 52-Week High – What’s Next?

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FRHLF shares. Raymond James Financial upgraded shares of Freehold Royalties from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th. National Bankshares downgraded shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Finally, Desjardins reaffirmed a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Freehold Royalties Trading Up 2.0%

The company has a market cap of $1.86 billion and a PE ratio of 19.55. The company’s 50 day simple moving average is $10.82 and its two-hundred day simple moving average is $10.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63.

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

Freehold Royalties Cuts Dividend

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