Freehold Royalties Ltd (OTCMKTS:FRHLF – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $12.04, but opened at $12.99. Freehold Royalties shares last traded at $11.9465, with a volume of 4,412 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have issued reports on FRHLF. Royal Bank Of Canada raised shares of Freehold Royalties to a “hold” rating in a report on Monday, April 13th. Desjardins upgraded Freehold Royalties to a “hold” rating in a research report on Friday, March 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research report on Wednesday, May 13th. Finally, Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Freehold Royalties has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Freehold Royalties
Freehold Royalties Trading Down 0.8%
Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Freehold Royalties had a return on equity of 8.84% and a net margin of 29.91%.The firm had revenue of $55.93 million for the quarter, compared to analyst estimates of $55.95 million.
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.
Featured Stories
- Five stocks we like better than Freehold Royalties
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
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.
