Freehold Royalties (OTCMKTS:FRHLF) Posts Earnings Results

Freehold Royalties (OTCMKTS:FRHLF) released its earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03), Zacks reports. The firm had revenue of $50.83 million during the quarter. Freehold Royalties had a net margin of 29.19% and a return on equity of 8.68%.

Freehold Royalties Trading Down 6.3%

FRHLF traded down $0.83 on Friday, hitting $12.41. The company had a trading volume of 7,418 shares, compared to its average volume of 110,600. Freehold Royalties has a 1 year low of $7.45 and a 1 year high of $13.58. The firm has a market cap of $2.03 billion and a P/E ratio of 31.03. The company’s fifty day moving average price is $12.09 and its 200 day moving average price is $10.89. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

FRHLF has been the subject of several recent research reports. National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 9th. Desjardins reaffirmed a “hold” rating on shares of Freehold Royalties in a research note on Monday, November 17th. Finally, Raymond James Financial raised shares of Freehold Royalties from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.