Freehold Royalties (TSE:FRU) stock price target increased to $16.25, issued a research note today by Acumen Capital
- Updated: November 29, 2016
Having a price of $11.82, Freehold Royalties (TSE:FRU) traded -2.96% lower on the day. With the last stock price down -1.01% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. FRU has recorded a 50-day average of $12.67 and a two hundred day average of $11.91. Trade Volume was down over the average, with 103,949 shares of FRU changing hands under the typical 284,747
In a report released on 11/29/2016 Acumen Capital raised the target price of Freehold Royalties (TSE:FRU) to $16.25 reporting a potential upside of 0.37%.
On 03/07/2016, Barclays Capital released a statement about Freehold Royalties (TSE:FRU) upped the target price from $9.00 to $12.00 that suggested an upside of 0.05%.
Recent Performance Chart
Freehold Royalties has with a one year low of $8.29 and a one year high of $13.46 and has a market capitalization of $0.
A total of 13 brokerages have issued a ratings update on Freehold Royalties. zero brokerages rating the company a strong buy, eight brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $11.53.
General Company Details For Freehold Royalties (TSE:FRU)
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company's primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada. The Company's total land holdings encompass approximately 3.7 million gross acres, over 90% of which are royalties. Of this, its mineral title lands (including royalty assumption lands), which it owns in perpetuity, cover approximately 750,000 acres. It also has interests in over 36,000 wells (of which over 34,000 are royalty wells, including over 18,000 unitized wells). The Company has approximately 300,000 gross undeveloped acres. In addition, it has gross overriding royalty interests in over 2.5 million acres. The Company has drilled and completed a total of over 5,290 wells within the Western Canadian Sedimentary Basin.
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