Shares of Freehold Royalties Ltd (OTCMKTS:FRHLF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $12.25, but opened at $10.47. Freehold Royalties shares last traded at $12.00, with a volume of 3,988 shares traded.
Wall Street Analysts Forecast Growth
FRHLF has been the topic of several research reports. Desjardins raised Freehold Royalties to a “hold” rating in a report on Friday, March 13th. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 30th. Royal Bank Of Canada raised Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.
Get Our Latest Analysis on FRHLF
Freehold Royalties Stock Performance
Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.15 EPS for the quarter, beating 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 business had revenue of $55.93 million during the quarter, compared to the consensus estimate of $55.95 million.
About Freehold Royalties
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.
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