Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06, Zacks reports. Freehold Royalties had a return on equity of 8.84% and a net margin of 29.91%.
Freehold Royalties Trading Up 2.5%
Shares of OTCMKTS:FRHLF traded up $0.29 during trading hours on Wednesday, hitting $11.97. 37,457 shares of the company’s stock traded hands, compared to its average volume of 94,553. The firm has a market capitalization of $1.96 billion and a P/E ratio of 30.69. The business has a fifty day moving average price of $11.94 and a 200-day moving average price of $12.25. Freehold Royalties has a 1 year low of $9.38 and a 1 year high of $13.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 1.73.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Royal Bank Of Canada upgraded Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Freehold Royalties in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock 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.
Featured Stories
- Five stocks we like better than Freehold Royalties
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.
