Freehold Royalties - FRU Stock Forecast, Price & News

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States. It has royalty interests in approximately 15,000 producing wells and receives royalty from approximately 350 industry operators in North America. The company was founded in 1996 and is headquartered in Calgary, Canada.

Freehold Royalties Stock Performance

Shares of FRU Stock opened at C$14.09 on Friday. Freehold Royalties has a 52-week low of C$8.15 and a 52-week high of C$17.00. The company has a quick ratio of 1.85, a current ratio of 2.30 and a debt-to-equity ratio of 11.90. The stock has a market cap of C$2.12 billion and a PE ratio of 19.04. The business has a 50-day simple moving average of C$13.74 and a 200-day simple moving average of C$14.29.

Freehold Royalties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 15th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend is Thursday, July 28th. Freehold Royalties's payout ratio is presently 101.35%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Scotiabank raised their price objective on Freehold Royalties from C$17.00 to C$18.00 in a research report on Wednesday, June 8th. ATB Capital dropped their price target on Freehold Royalties from C$20.00 to C$19.50 in a research note on Wednesday. Cormark increased their price objective on shares of Freehold Royalties from C$19.00 to C$21.00 and gave the company a "buy" rating in a research report on Friday, July 8th. Haywood Securities lowered their target price on shares of Freehold Royalties from C$25.00 to C$23.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Finally, Raymond James raised their price target on shares of Freehold Royalties from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a report on Tuesday, July 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$18.69.