National Bankshares Downgrades Freehold Royalties (TSE:FRU) to Sector Perform

Freehold Royalties (TSE:FRU) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued on Friday,BayStreet.CA reports. They presently have a C$15.00 target price on the stock. National Bankshares’ price target would indicate a potential downside of 0.20% from the company’s previous close.

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

Freehold Royalties Stock Up 0.9%

FRU opened at C$15.03 on Friday. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65. 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 market capitalization of C$2.46 billion, a price-to-earnings ratio of 18.79, a PEG ratio of -0.92 and a beta of 0.60. The company has a fifty day moving average of C$14.91 and a two-hundred day moving average of C$13.94.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings results 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%. On average, research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

About Freehold Royalties

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.