Freehold Royalties (OTCMKTS:FRHLF) Lowered to “Hold” Rating by Raymond James Financial

Freehold Royalties (OTCMKTS:FRHLF) was downgraded by investment analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce raised Freehold Royalties to a “hold” rating in a report on Thursday, March 12th. National Bank Financial downgraded shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 9th. Finally, Desjardins upgraded shares of Freehold Royalties to a “hold” rating in a research report on Friday, March 13th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Freehold Royalties Price Performance

OTCMKTS:FRHLF opened at $12.49 on Monday. Freehold Royalties has a 52-week low of $7.45 and a 52-week high of $13.58. The stock has a fifty day moving average of $12.49 and a 200 day moving average of $11.16. 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 firm has a market capitalization of $2.05 billion and a price-to-earnings ratio of 31.23.

Freehold Royalties (OTCMKTS:FRHLF) last announced its earnings results on Wednesday, March 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Freehold Royalties had a return on equity of 8.68% and a net margin of 29.19%.The business had revenue of $50.83 million during the quarter.

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.