Freehold Royalties (TSE:FRU) Downgraded to “Sector Perform” Rating by National Bankshares

Freehold Royalties (TSE:FRU) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a report released on Friday,BayStreet.CA reports. They presently have a C$15.00 price target on the stock. National Bankshares’ target price would indicate a potential upside of 1.08% from the company’s current price.

A number of other brokerages have also recently issued reports on FRU. Raymond James Financial raised Freehold Royalties from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Canaccord Genuity Group lifted their price target on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. Finally, CIBC boosted their price target on shares of Freehold Royalties from C$14.50 to C$15.25 in a research report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$15.75.

Freehold Royalties Price Performance

TSE:FRU traded down C$0.05 during mid-day trading on Friday, hitting C$14.84. The company’s stock had a trading volume of 599,826 shares, compared to its average volume of 764,059. The company has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of -0.92 and a beta of 0.60. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week high of C$15.51. The stock has a fifty day moving average of C$14.89 and a 200-day moving average of C$13.91.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$74.36 million for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%. As a group, equities analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.