Freehold Royalties (OTCMKTS:FRHLF) Releases Quarterly Earnings Results, Hits Estimates

Freehold Royalties (OTCMKTS:FRHLF) posted its earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20, Zacks reports. Freehold Royalties had a net margin of 43.59% and a return on equity of 13.90%.

Freehold Royalties Price Performance

OTCMKTS FRHLF traded up $0.07 during trading hours on Tuesday, hitting $11.59. The company had a trading volume of 53,791 shares, compared to its average volume of 89,409. Freehold Royalties has a 52 week low of $10.15 and a 52 week high of $13.58. The firm has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $12.33. 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 firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 19.00.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FRHLF shares. Raymond James Financial restated a “market perform” rating on shares of Freehold Royalties in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a research note on Friday, October 9th. Five equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.