Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Down – Here’s What Happened

Freehold Royalties Ltd (OTCMKTS:FRHLF) gapped down before the market opened on Friday . The stock had previously closed at $12.60, but opened at $12.00. Freehold Royalties shares last traded at $12.39, with a volume of 32,766 shares traded.

Analyst Ratings Changes

FRHLF has been the subject of several recent analyst reports. National Bank Financial cut Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 9th. Raymond James Financial raised shares of Freehold Royalties from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. Finally, Desjardins upgraded shares of Freehold Royalties to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Freehold Royalties Trading Down 1.8%

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 business’s 50-day moving average is $12.11 and its two-hundred day moving average is $10.92. The stock has a market capitalization of $2.03 billion and a PE 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 (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm 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.