Falcon Minerals Corp (NASDAQ:FLMN) announced a quarterly dividend on Monday, August 5th, Zacks reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.15 per share on Friday, September 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend is Friday, August 23rd.
NASDAQ:FLMN opened at $6.54 on Thursday. The stock’s 50 day moving average price is $7.39 and its 200 day moving average price is $7.97. Falcon Minerals has a 52 week low of $5.82 and a 52 week high of $11.70. The company has a market capitalization of $543.50 million, a P/E ratio of 32.70 and a beta of 0.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.25 and a current ratio of 9.25.
Falcon Minerals (NASDAQ:FLMN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Falcon Minerals had a return on equity of 10.79% and a net margin of 31.57%. The firm had revenue of $18.25 million during the quarter, compared to analyst estimates of $20.88 million. As a group, sell-side analysts forecast that Falcon Minerals will post 0.44 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a report on Monday. Citigroup set a $8.00 price objective on Falcon Minerals and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine downgraded Falcon Minerals from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Northland Securities restated a “buy” rating and issued a $9.50 price objective on shares of Falcon Minerals in a report on Tuesday, May 7th. Finally, Stifel Nicolaus upgraded Falcon Minerals from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Falcon Minerals has a consensus rating of “Buy” and an average price target of $9.89.
In related news, Director Al J. Hirshberg purchased 50,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $4.49 per share, for a total transaction of $224,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.80% of the company’s stock.
Falcon Minerals Company Profile
Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. It owns interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas, as well as approximately 68,000 gross unit acres in Pennsylvania, Ohio, and West Virginia that is prospective for the Marcellus Shale.
See Also: Why Dividend Stocks May Be Right for You
Receive News & Ratings for Falcon Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Falcon Minerals and related companies with MarketBeat.com's FREE daily email newsletter.