Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Down – Here’s What Happened

Freehold Royalties Ltd (OTCMKTS:FRHLF) gapped down prior to trading on Friday . The stock had previously closed at $12.79, but opened at $12.1401. Freehold Royalties shares last traded at $12.64, with a volume of 1,413 shares.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Freehold Royalties Stock Down 1.0%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.73 and a current ratio of 1.80. The firm has a market cap of $2.08 billion and a PE ratio of 20.76. The firm’s 50-day moving average price is $12.08 and its two-hundred day moving average price is $12.39.

Freehold Royalties (OTCMKTS:FRHLF) last issued its earnings results on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.19 by $0.06. Freehold Royalties had a net margin of 43.59% and a return on equity of 11.30%. The company had revenue of $70.61 million for the quarter, compared to analyst estimates 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.