Freehold Royalties (FRHLF) Expected to Post Earnings on Wednesday

Freehold Royalties (OTCMKTS:FRHLF) is expected to be posting its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.1901 per share and revenue of $57.1680 million for the quarter.

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

Freehold Royalties Trading Up 0.8%

OTCMKTS FRHLF opened at $11.88 on Wednesday. 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. The company has a market capitalization of $1.95 billion and a PE ratio of 30.46. The company has a fifty day moving average of $12.05 and a 200 day moving average of $12.21.

Analysts Set New Price Targets

FRHLF has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock 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.