Analysts Set $12.00 Target Price for Falcon Minerals Corp (FLMN)

Falcon Minerals Corp (NASDAQ:FLMN) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $12.00 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Falcon Minerals an industry rank of 97 out of 257 based on the ratings given to related companies.

A number of brokerages have weighed in on FLMN. Northland Securities began coverage on shares of Falcon Minerals in a report on Wednesday, September 26th. They issued an “outperform” rating and a $13.00 price objective on the stock. ValuEngine cut shares of Falcon Minerals from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Citigroup began coverage on shares of Falcon Minerals in a report on Thursday. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Falcon Minerals from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Tuesday.

FLMN traded down $0.05 during midday trading on Friday, reaching $7.70. The company’s stock had a trading volume of 209,693 shares, compared to its average volume of 131,689. The company has a debt-to-equity ratio of 0.14, a quick ratio of 34.70 and a current ratio of 34.70. Falcon Minerals has a 1 year low of $7.19 and a 1 year high of $11.70.

Falcon Minerals (NASDAQ:FLMN) last announced its quarterly earnings data on Friday, November 9th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14). The business had revenue of $24.28 million for the quarter, compared to analyst estimates of $29.70 million. As a group, equities analysts expect that Falcon Minerals will post 0.6 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were issued a dividend of $0.095 per share. The ex-dividend date was Wednesday, November 7th.

In other news, major shareholder Jana Partners Llc sold 944,703 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $11.40, for a total transaction of $10,769,614.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in Falcon Minerals during the third quarter valued at approximately $224,000. Wells Fargo & Company MN bought a new position in Falcon Minerals during the third quarter valued at approximately $227,000. Bluefin Trading LLC bought a new position in Falcon Minerals during the third quarter valued at approximately $232,000. Man Group plc bought a new position in Falcon Minerals during the third quarter valued at approximately $288,000. Finally, Engineers Gate Manager LP bought a new position in Falcon Minerals during the third quarter valued at approximately $572,000. Hedge funds and other institutional investors own 49.00% of the company’s stock.

About Falcon Minerals

Falcon Minerals Corporation acquires, owns, maintains, and manages mineral interests, mineral royalties, and overriding royalties relating to onshore unconventional shale oil and natural gas properties in the United States; and any associated interests and royalties relating to conventional oil and natural gas properties.

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