Freehold Royalties Ltd (OTCMKTS:FRHLF – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.87 and traded as high as $12.21. Freehold Royalties shares last traded at $11.97, with a volume of 151,729 shares changing hands.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Freehold Royalties to a “hold” rating in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Freehold Royalties in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on FRHLF
Freehold Royalties Trading Down 1.6%
Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Freehold Royalties had a net margin of 43.59% and a return on equity of 13.92%. The firm had revenue of $70.61 million during the quarter, compared to analysts’ expectations of $70.60 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.
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