Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) is expected to be announcing its results after the market closes on Wednesday, March 11th. Analysts expect Freehold Royalties to post earnings of $0.0874 per share for the quarter.
Freehold Royalties Price Performance
OTCMKTS:FRHLF opened at $12.94 on Wednesday. The firm’s fifty day moving average is $11.82 and its two-hundred day moving average is $10.74. The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 22.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. Freehold Royalties has a one year low of $7.45 and a one year high of $13.26.
Analyst Ratings Changes
FRHLF has been the topic of a number of recent research reports. Raymond James Financial upgraded Freehold Royalties from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a report on Friday, January 9th. Finally, Desjardins restated a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
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.
Further Reading
- Five stocks we like better than Freehold Royalties
- New Copper-Rich “Kraken” Zone Discovered
- Silver Is the New Oil—And the World’s Running Dry
- America’s 1776 happening again
- 3 Signs You May Want to Switch Financial Advisors
- Silver’s squeeze is tightening – opportunity forming
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.
