Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) announced its earnings results on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20, Zacks reports. The business had revenue of $70.44 million for the quarter, compared to analyst estimates of $73.11 million. Freehold Royalties had a return on equity of 15.19% and a net margin of 43.88%.
Freehold Royalties Trading Up 4.4%
Shares of OTCMKTS:FRHLF opened at $12.10 on Thursday. The company’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $12.33. Freehold Royalties has a one year low of $10.15 and a one year high of $13.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $1.98 billion and a PE ratio of 18.33.
Analyst Ratings Changes
A number of research firms have weighed in on FRHLF. Raymond James Financial reaffirmed a “market perform” rating on shares of Freehold Royalties in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a report on Friday, October 9th. Five analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
View Our Latest Report on Freehold Royalties
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.
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