Falcon Minerals Corp (NASDAQ:FLMN) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $4.76.
A number of equities analysts have recently issued reports on FLMN shares. Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, June 29th. Northland Securities reiterated a “hold” rating and set a $3.00 target price on shares of Falcon Minerals in a research report on Friday, August 7th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $5.00 price objective on shares of Falcon Minerals in a report on Sunday, July 26th.
Several hedge funds have recently modified their holdings of FLMN. BlackRock Inc. increased its position in shares of Falcon Minerals by 3.2% during the first quarter. BlackRock Inc. now owns 2,855,494 shares of the company’s stock worth $6,140,000 after acquiring an additional 87,759 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Falcon Minerals during the first quarter worth $27,000. Victory Capital Management Inc. increased its position in shares of Falcon Minerals by 3.7% during the first quarter. Victory Capital Management Inc. now owns 185,105 shares of the company’s stock worth $398,000 after acquiring an additional 6,574 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Falcon Minerals by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 723,317 shares of the company’s stock worth $1,555,000 after acquiring an additional 5,730 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Falcon Minerals by 100.2% during the first quarter. WINTON GROUP Ltd now owns 111,898 shares of the company’s stock worth $241,000 after acquiring an additional 56,001 shares in the last quarter. 33.71% of the stock is owned by institutional investors.
NASDAQ:FLMN opened at $2.61 on Thursday. The firm has a market cap of $224.52 million, a PE ratio of 17.40 and a beta of 1.46. Falcon Minerals has a 12 month low of $1.60 and a 12 month high of $7.25. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $2.76.
Falcon Minerals (NASDAQ:FLMN) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Falcon Minerals had a net margin of 14.06% and a return on equity of 2.82%. The company had revenue of $6.12 million for the quarter, compared to analyst estimates of $6.20 million. On average, research analysts expect that Falcon Minerals will post 0.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th were given a dividend of $0.03 per share. This is an increase from Falcon Minerals’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, August 24th. This represents a $0.12 annualized dividend and a dividend yield of 4.60%. Falcon Minerals’s dividend payout ratio is currently 38.71%.
About Falcon Minerals
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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