- Freehold Royalties‘ Basic EPS for Q3 is C$0.33, surpassing the estimate of C$0.18.
- The average production stands at 15,306 barrels of oil equivalent per day (boe/d).
- Royalty and other revenue reached C$76.9 million, beating the expected C$71.1 million.
- NGL (Natural Gas Liquids) production was 2,066 barrels per day, below the estimated 2,333 barrels per day.
- Cash flow from operations amounted to C$59.1 million, exceeding the forecasted C$54.2 million.
- The stock has 6 buy ratings and 6 hold ratings, with no sell ratings.
A look at Freehold Royalties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for Freehold Royalties is promising, with a strong emphasis on its dividend and momentum. The company has been rated highly with a Smart Score of 5 for its dividend, indicating a robust and consistent dividend payment to its investors. Additionally, Freehold Royalties scores well in momentum with a Smart Score of 4, showcasing positive market sentiment and potential growth opportunities in the future.
While the company shows solid performance in dividend and momentum, it also demonstrates decent scores for value, growth, and resilience. With a value score of 3, Freehold Royalties offers an attractive investment opportunity considering its current market price. The growth and resilience scores of 3 further underline the company’s potential for expansion and ability to navigate through challenging market conditions.
### Freehold Royalties Ltd. produces oil, natural gas, natural gas liquids and potash. The Company operates in western Canada and Ontario. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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