Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Up – Should You Buy?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.33, but opened at $11.70. Freehold Royalties shares last traded at $11.4220, with a volume of 931 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented 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 raised Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Desjardins upgraded Freehold Royalties to a “hold” rating in a research report on Friday, March 13th. Finally, Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 30th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Freehold Royalties Stock Down 0.2%

The company has a market capitalization of $1.88 billion and a price-to-earnings ratio of 29.38. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $12.48 and a 200-day moving average price of $12.15.

Freehold Royalties (OTCMKTS:FRHLF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $55.93 million during the quarter, compared to analyst estimates of $55.95 million. Freehold Royalties had a net margin of 29.91% and a return on equity of 8.84%.

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.