Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Up – What’s Next?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $11.59, but opened at $12.02. Freehold Royalties shares last traded at $11.91, with a volume of 1,097 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FRHLF shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a research note on Friday, October 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of Freehold Royalties in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Freehold Royalties presently has an average rating of “Hold”.

Freehold Royalties Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $12.20 and a 200 day moving average of $12.33. The firm has a market capitalization of $1.96 billion and a P/E ratio of 18.15.

Freehold Royalties (OTCMKTS:FRHLF) last announced its earnings results on Tuesday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Freehold Royalties had a return on equity of 15.19% and a net margin of 43.88%. The company had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $73.11 million.

Freehold Royalties Company Profile

Freehold Royalties Ltd. is a Canadian royalty company focused on owning oil and natural gas interests rather than directly operating wells. It earns revenue from royalties and other payments tied to production from properties developed and operated by third-party energy companies. The company’s assets include mineral title and royalty interests in oil and natural gas properties, with exposure to crude oil, natural gas and natural gas liquids. Its holdings are concentrated in Western Canada, including the Western Canadian Sedimentary Basin, and also include interests in the United States.