Freehold Royalties (TSE:FRU) PT Lowered to C$9.50

Freehold Royalties (TSE:FRU) had its price objective trimmed by CIBC from C$11.00 to C$9.50 in a research note published on Thursday morning, BayStreet.CA reports.

Several other research analysts have also commented on the stock. Raymond James restated a hold rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. Canaccord Genuity upgraded shares of Nuvista Energy to a buy rating in a report on Tuesday, April 9th. National Bank Financial decreased their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Finally, Eight Capital set a C$6.00 price objective on shares of Peyto Exploration & Development in a report on Wednesday, May 8th.

Shares of TSE FRU opened at C$8.12 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.90 and a debt-to-equity ratio of 12.00. Freehold Royalties has a 12 month low of C$7.68 and a 12 month high of C$12.45. The company has a market cap of $961.88 million and a price-to-earnings ratio of 406.00. The stock has a fifty day moving average of C$8.30.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.09). The business had revenue of C$35.61 million for the quarter, compared to analyst estimates of C$35.20 million. Research analysts expect that Freehold Royalties will post 0.17 EPS for the current year.

About Freehold Royalties

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.

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