Freehold Royalties is an oil and gas royalty company with assets predominantly in western Canada. The company receives oil and natural gas revenue from approximately 300 industry operators with royalty rates varying from less than 1% to 22.5%.
The royalty volumes are weighted nearly 55% oil and natural gas liquids (NGL) and 45% natural gas. Freehold does not incur any capital costs to drill or equip the wells for production. Its land holdings total more than 6.4 million gross acres, which is one of the largest independently owned royalty lands portfolios in Canada.
Its royalties as a percentage of production have remained above 95%. About 10% of industry drilling within western Canada is on Freehold land. Given its strong reputation, the company can conveniently create new leases on its royalty lands.
Stock Chart & Metrics
- Ticker: tse:fru
- Sector: Energy
- Industry: Oil & Gas E&P
- Market Cap: 2.18B
- Market Cap Group: Mid Cap
- P/E: 15.80
- Dividend Yield: 7.46%
- Grade: B
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 4/10
- Dividend Income Fit: 9/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| COP | NYSE:COP | ConocoPhillips | 137.13 | 12.62 | 2.01 | NO | 1 | 5 | 69 |
| CNQ | TSE:CNQ | Canadian Natural Resources | 97.35 | 13.89 | 4.48 | YES | 1 | 5 | 69 |
| EOG | NYSE:EOG | EOG Resources, Inc. | 72.02 | 9.17 | 2.95 | NO | 1 | 5 | 69 |
| OXY | NYSE:OXY | Occidental Petroleum Corporation | 52.96 | 13.11 | 1.20 | NO | 1 | 5 | 69 |
| TOU | TSE:TOU | Tourmaline Oil | 23.45 | 22.86 | 1.56 | YES | 1 | 5 | 69 |
| OVV | TSE:OVV | Ovintiv | 16.77 | 4.48 | 2.66 | NO | 1 | 5 | 69 |
| ARX | TSE:ARX | Arc Resources | 12.92 | 7.25 | 3.18 | NO | 1 | 5 | 69 |
| MUR | NYSE:MUR | Murphy Oil Corporation | 6.65 | 9.07 | 2.56 | NO | 1 | 5 | 69 |
| PSK | TSE:PSK | PrairieSky Royalty | 5.86 | 25.78 | 3.91 | NO | 1 | 5 | 69 |
| WCP | TSE:WCP | Whitecap Resources | 5.81 | 6.44 | 7.60 | NO | 1 | 5 | 69 |
| CPG | TSE:CPG | Crescent Point Energy | 5.47 | 345.85 | 4.18 | NO | 1 | 5 | 69 |
| ERF | TSE:ERF | Enerplus Corporation | 4.47 | 5.38 | 1.51 | NO | 1 | 5 | 69 |
| VET | TSE:VET | Vermillion Energy | 2.88 | 3.07 | 2.28 | NO | 1 | 5 | 69 |
| PEY | TSE:PEY | Peyto Exploration & Development Corp. | 2.56 | 7.38 | 9.95 | NO | 1 | 5 | 69 |
| FRU | TSE:FRU | Freehold Royalties | 2.18 | 15.80 | 7.46 | NO | 1 | 5 | 69 |
| BNE | TSE:BNE | Bonterra Energy | 0.22 | 4.74 | 0.00 | NO | 1 | 5 | 69 |
Top Picks by Bay Street Experts
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Freehold Royalties - FAQ
What is the stock ticker for Freehold Royalties?
The stock ticker for Freehold Royalties is TSE:fru.
Is Freehold Royalties a good stock to buy?
You need to consider your investment strategy and how TSE:fru can fit in your portfolio.
The current dividend income score of 9/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Freehold Royalties a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 53 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Freehold Royalties?
You can easily buy the FRU stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.