Freehold Royalties (FRHLF) Expected to Announce Earnings on Wednesday

Freehold Royalties (OTCMKTS:FRHLF) will likely be releasing its results after the market closes on Wednesday, March 11th. Analysts expect Freehold Royalties to post earnings of $0.0874 per share for the quarter.

Freehold Royalties Trading Down 1.1%

Shares of OTCMKTS FRHLF opened at $13.00 on Tuesday. 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 business has a fifty day simple moving average of $11.98 and a two-hundred day simple moving average of $10.84. The firm has a market cap of $2.13 billion and a PE ratio of 22.41. Freehold Royalties has a twelve month low of $7.45 and a twelve month high of $13.58.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FRHLF. National Bank Financial lowered shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 9th. Raymond James Financial raised shares of Freehold Royalties from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th. Finally, Desjardins restated a “hold” rating on shares of Freehold Royalties in a report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.