Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) released its earnings results on Wednesday. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06, Zacks reports. Freehold Royalties had a net margin of 29.91% and a return on equity of 8.84%.
Freehold Royalties Trading Up 2.5%
Freehold Royalties stock traded up $0.29 during trading hours on Wednesday, reaching $11.97. The stock had a trading volume of 37,457 shares, compared to its average volume of 94,553. The company has a fifty day simple moving average of $11.94 and a 200-day simple moving average of $12.25. Freehold Royalties has a 52 week low of $9.38 and a 52 week high of $13.58. The stock has a market cap of $1.96 billion and a PE ratio of 30.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 1.73.
Wall Street Analyst Weigh In
FRHLF has been the subject of several analyst reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research report on Wednesday, May 13th. Royal Bank Of Canada upgraded Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Freehold Royalties currently 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.
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