Falcon Minerals (NASDAQ:FLMN) posted its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02), Fidelity Earnings reports. The company had revenue of $15.91 million for the quarter, compared to analyst estimates of $16.30 million. Falcon Minerals had a return on equity of 10.79% and a net margin of 31.57%.
NASDAQ FLMN traded up $0.01 during trading on Friday, reaching $6.39. The company’s stock had a trading volume of 229,400 shares, compared to its average volume of 210,448. The stock has a market capitalization of $552.95 million, a PE ratio of 31.95 and a beta of 0.49. The company has a current ratio of 9.25, a quick ratio of 9.25 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $6.17 and a 200-day moving average price of $7.14. Falcon Minerals has a 1-year low of $5.31 and a 1-year high of $9.53.
FLMN has been the subject of several research reports. Wells Fargo & Co initiated coverage on shares of Falcon Minerals in a report on Friday, October 4th. They set a “market perform” rating for the company. ValuEngine upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup set a $8.00 price target on shares of Falcon Minerals and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $9.89.
In other Falcon Minerals news, major shareholder Hite Hedge Asset Management Ll sold 28,642 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $6.51, for a total value of $186,459.42. Insiders sold a total of 322,669 shares of company stock worth $2,176,423 in the last three months. 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.
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