Freehold Royalties (FRHLF) Projected to Post Earnings on Tuesday

Freehold Royalties (OTCMKTS:FRHLF) is expected to be posting its results after the market closes on Tuesday, May 12th. Analysts expect Freehold Royalties to post earnings of $0.1294 per share and revenue of $52.0440 million for the quarter.

Freehold Royalties (OTCMKTS:FRHLF) last announced its earnings results on Wednesday, March 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $50.83 million for the quarter. Freehold Royalties had a return on equity of 8.79% and a net margin of 29.19%.

Freehold Royalties Stock Performance

Shares of OTCMKTS FRHLF opened at $12.66 on Friday. Freehold Royalties has a 1 year low of $8.25 and a 1 year high of $13.58. The firm has a market cap of $2.08 billion and a P/E ratio of 31.65. The stock has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $11.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.41 and a current ratio of 1.41.

Analyst Upgrades and Downgrades

FRHLF has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce upgraded Freehold Royalties to a “hold” rating in a report on Thursday, March 12th. Desjardins upgraded shares of Freehold Royalties to a “hold” rating in a research report on Friday, March 13th. Royal Bank Of Canada raised shares of Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Finally, Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 30th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Freehold Royalties presently has an average 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.