Freehold Royalties (TSE:FRU) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.43 and traded as high as C$16.76. Freehold Royalties shares last traded at C$16.70, with a volume of 443,769 shares changing hands.

Analyst Ratings Changes

FRU has been the subject of a number of research reports. National Bankshares cut Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price objective for the company. in a report on Friday, January 9th. Canaccord Genuity Group lifted their price target on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. Natl Bk Canada cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce lifted their price objective on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Finally, Scotiabank upped their price target on Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$15.79.

Freehold Royalties Trading Down 0.2%

The stock’s 50 day moving average price is C$15.56 and its 200-day moving average price is C$14.43. The stock has a market capitalization of C$2.74 billion, a PE ratio of 20.88, a PEG ratio of -0.92 and a beta of 0.68. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$74.36 million during the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%. On average, sell-side analysts expect that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.