Falcon Minerals (NASDAQ:FLMN) Posts Earnings Results, Misses Estimates By $0.02 EPS

Falcon Minerals (NASDAQ:FLMN) posted its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), Fidelity Earnings reports. The business had revenue of $15.91 million during the quarter, compared to analysts’ expectations 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 hours on Friday, hitting $6.39. 229,400 shares of the stock traded hands, compared to its average volume of 210,448. The stock 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. The company has a market cap of $552.95 million, a price-to-earnings ratio of 31.95 and a beta of 0.49. The company has a quick ratio of 9.25, a current ratio of 9.25 and a debt-to-equity ratio of 0.14.

A number of equities analysts recently issued reports on FLMN shares. Zacks Investment Research raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. ValuEngine raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co started coverage on shares of Falcon Minerals in a report on Friday, October 4th. They issued a “market perform” rating on the stock. Finally, Citigroup set a $8.00 price objective on shares of Falcon Minerals and gave the stock a “buy” rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.89.

In related 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 322,669 shares of company stock worth $2,176,423 in the last 90 days. 15.80% of the stock is currently owned by company insiders.

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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