Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Up – Still a Buy?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $11.59, but opened at $12.02. Freehold Royalties shares last traded at $11.91, with a volume of 1,097 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FRHLF shares. Raymond James Financial reiterated a “market perform” rating on shares of Freehold Royalties in a research report 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 research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Freehold Royalties currently has a consensus rating of “Hold”.

Freehold Royalties Trading Down 1.0%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $1.96 billion and a PE ratio of 18.15. The firm has a 50-day moving average price of $12.20 and a 200-day moving average price of $12.33.

Freehold Royalties (OTCMKTS:FRHLF) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Freehold Royalties had a return on equity of 15.19% and a net margin of 43.88%. The company had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $73.11 million.

About Freehold Royalties

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.