Freehold Royalties (OTCMKTS:FRHLF) Issues Earnings Results

Freehold Royalties (OTCMKTS:FRHLF) posted its earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02, Zacks reports. Freehold Royalties had a return on equity of 8.79% and a net margin of 29.19%.

Freehold Royalties Price Performance

Shares of FRHLF traded up $0.14 during trading hours on Tuesday, reaching $12.98. 26,834 shares of the company’s stock traded hands, compared to its average volume of 105,675. The firm’s 50 day simple moving average is $12.66 and its 200-day simple moving average is $11.69. The stock has a market cap of $2.13 billion and a PE ratio of 32.45. Freehold Royalties has a 12 month low of $8.50 and a 12 month high of $13.58. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

FRHLF has been the subject of a number of recent analyst reports. Desjardins raised Freehold Royalties to a “hold” rating in a report on Friday, March 13th. Royal Bank Of Canada raised Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Canadian Imperial Bank of Commerce upgraded Freehold Royalties to a “hold” rating in a research report on Thursday, March 12th. Finally, Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Freehold Royalties

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.