Falcon Minerals (NASDAQ:FLMN) Announces Quarterly Earnings Results

Falcon Minerals (NASDAQ:FLMN) posted its earnings results on Thursday. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02), Fidelity Earnings reports. The business 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%.

Falcon Minerals stock traded up $0.01 during mid-day trading on Friday, hitting $6.39. 229,400 shares of the company’s stock were exchanged, compared to its average volume of 210,448. The stock has a 50 day moving average of $6.17 and a two-hundred day moving average of $7.14. The company has a current ratio of 9.25, a quick ratio of 9.25 and a debt-to-equity ratio of 0.14. Falcon Minerals has a 1-year low of $5.31 and a 1-year high of $9.53. The stock has a market cap of $552.95 million, a P/E ratio of 31.95 and a beta of 0.49.

Several research firms have commented on FLMN. Zacks Investment Research raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. ValuEngine raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup set a $8.00 target price on shares of Falcon Minerals and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Co began coverage on shares of Falcon Minerals in a research report on Friday, October 4th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Falcon Minerals presently has an average rating of “Buy” and an average 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 dated Friday, October 11th. The shares were sold at an average price of $6.51, for a total transaction of $186,459.42. Insiders have sold a total of 322,669 shares of company stock worth $2,176,423 over 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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Earnings History for Falcon Minerals (NASDAQ:FLMN)

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