Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Down – Should You Sell?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.25, but opened at $10.47. Freehold Royalties shares last traded at $12.00, with a volume of 3,988 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Desjardins raised Freehold Royalties to a “hold” rating in a report on Friday, March 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research note on Wednesday, May 13th. Raymond James Financial lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Royal Bank Of Canada upgraded Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Freehold Royalties Stock Performance

The company has a 50 day moving average price of $12.59 and a 200-day moving average price of $12.09. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.98 billion and a P/E ratio of 31.02.

Freehold Royalties (OTCMKTS:FRHLF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Freehold Royalties had a return on equity of 8.84% and a net margin of 29.91%.The company had revenue of $55.93 million for the quarter, compared to analyst estimates of $55.95 million.

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.