Freehold Royalties (OTCMKTS:FRHLF) Cut to Hold at Raymond James Financial

Freehold Royalties (OTCMKTS:FRHLF) was downgraded by research analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Desjardins raised shares of Freehold Royalties to a “hold” rating in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce raised Freehold Royalties to a “hold” rating in a research note on Thursday, March 12th. Finally, National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Freehold Royalties Trading Down 1.7%

FRHLF stock opened at $12.49 on Monday. The company has a market capitalization of $2.05 billion and a PE ratio of 31.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. Freehold Royalties has a one year low of $7.45 and a one year high of $13.58. The company’s 50 day moving average price is $12.49 and its two-hundred day moving average price is $11.16.

Freehold Royalties (OTCMKTS:FRHLF) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Freehold Royalties had a net margin of 29.19% and a return on equity of 8.68%. The business had revenue of $50.83 million during the quarter.

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.