Desjardins Upgrades Freehold Royalties (OTCMKTS:FRHLF) to Hold

Freehold Royalties (OTCMKTS:FRHLF) was upgraded by stock analysts at Desjardins to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other research analysts have also weighed in on FRHLF. Raymond James Financial raised Freehold Royalties from a “market perform” rating to an “outperform” rating in a research report on Monday, December 8th. National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Freehold Royalties Trading Down 1.8%

OTCMKTS:FRHLF opened at $12.37 on Friday. Freehold Royalties has a one year low of $7.45 and a one year high of $13.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $10.92. The firm has a market cap of $2.03 billion and a P/E ratio of 30.93.

Freehold Royalties (OTCMKTS:FRHLF) last posted its quarterly earnings results on Wednesday, March 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The company had revenue of $50.83 million for the quarter. Freehold Royalties had a return on equity of 8.68% and a net margin of 29.19%.

Freehold Royalties Company Profile

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.