Freehold Royalties (OTCMKTS:FRHLF) Releases Quarterly Earnings Results, Hits Estimates

Freehold Royalties (OTCMKTS:FRHLF) posted its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20, Zacks reports. Freehold Royalties had a net margin of 43.59% and a return on equity of 13.90%.

Freehold Royalties Price Performance

Shares of FRHLF stock traded up $0.07 during trading hours on Tuesday, hitting $11.59. 53,791 shares of the company’s stock were exchanged, compared to its average volume of 89,409. The company has a market capitalization of $1.90 billion and a PE ratio of 19.00. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. Freehold Royalties has a 12-month low of $10.15 and a 12-month high of $13.58. The business’s 50 day simple moving average is $12.24 and its 200-day simple moving average is $12.33.

Wall Street Analysts Forecast Growth

FRHLF has been the subject of a number of research reports. Raymond James Financial reissued a “market perform” rating on shares of Freehold Royalties in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research report on Friday, October 9th. Five investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Freehold Royalties presently has an average rating of “Hold”.

Freehold Royalties Company Profile

Freehold Royalties Ltd. is a Canadian royalty company focused on owning oil and natural gas interests rather than directly operating wells. It earns revenue from royalties and other payments tied to production from properties developed and operated by third-party energy companies. The company’s assets include mineral title and royalty interests in oil and natural gas properties, with exposure to crude oil, natural gas and natural gas liquids. Its holdings are concentrated in Western Canada, including the Western Canadian Sedimentary Basin, and also include interests in the United States.