Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) released its earnings results on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06, Zacks reports. The company had revenue of $70.61 million during the quarter, compared to the consensus estimate of $57.17 million. Freehold Royalties had a net margin of 29.91% and a return on equity of 8.84%.
Freehold Royalties Price Performance
Shares of FRHLF stock opened at $11.97 on Thursday. The stock has a 50 day moving average of $11.92 and a two-hundred day moving average of $12.26. 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 capitalization of $1.96 billion and a P/E ratio of 30.69. Freehold Royalties has a 12 month low of $9.38 and a 12 month high of $13.58.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Freehold Royalties in a report on Wednesday, May 13th. Royal Bank Of Canada raised shares of Freehold Royalties to a “hold” rating in a research report on Monday, April 13th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus 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.
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