Freehold Royalties, the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Aaron Bilkoski from TD Cowen maintained a Buy rating on the stock and has a C$22.00 price target.
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Aaron Bilkoski has given his Buy rating due to a combination of factors that highlight both resilience and potential upside in Freehold Royalties’ portfolio. He notes that while Canadian royalty lands have seen a steady reduction in drilling and a multi‑year production decline, the recent year‑over‑year production improvement in early 2026 could signal the beginning of a stabilization, which he will be monitoring closely.
At the same time, Bilkoski emphasizes that the U.S. assets have provided a more stable foundation, with relatively consistent third‑party drilling activity that has helped counterbalance Canadian weakness. He expects higher oil prices and renewed spending in the Permian to translate into modest growth from the U.S. portfolio, and if Canadian volumes begin to flatten, that combination could drive meaningful cash‑flow upside, supporting his positive stance on the stock.
Bilkoski covers the Energy sector, focusing on stocks such as ARC Resources, Peyto Exploration & Dev, and Advantage Energy. According to TipRanks, Bilkoski has an average return of 12.3% and a 56.52% success rate on recommended stocks.