Falcon Minerals (FLMN) to Release Quarterly Earnings on Monday

Falcon Minerals (NASDAQ:FLMN) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Falcon Minerals (NASDAQ:FLMN) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $26.30 million for the quarter, compared to analysts’ expectations of $22.90 million. On average, analysts expect Falcon Minerals to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of FLMN stock opened at $8.30 on Friday. The company has a market cap of $447.68 million, a price-to-earnings ratio of 41.50 and a beta of -0.15. The company has a current ratio of 38.60, a quick ratio of 38.60 and a debt-to-equity ratio of 0.08. Falcon Minerals has a 12-month low of $6.71 and a 12-month high of $11.70.

A number of equities analysts have issued reports on FLMN shares. Citigroup set a $10.00 price target on Falcon Minerals and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Northland Securities set a $10.00 price target on Falcon Minerals and gave the stock a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded Falcon Minerals from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, April 24th. ValuEngine upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Stifel Nicolaus started coverage on Falcon Minerals in a research report on Thursday, April 4th. They issued a “hold” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Falcon Minerals currently has a consensus rating of “Buy” and a consensus price target of $10.43.

In other news, major shareholder Hite Hedge Asset Management Ll bought 59,455 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were acquired at an average price of $8.24 per share, for a total transaction of $489,909.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company’s stock.

A hedge fund recently bought a new stake in Falcon Minerals stock. Geode Capital Management LLC bought a new stake in Falcon Minerals Corp (NASDAQ:FLMN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 386,834 shares of the company’s stock, valued at approximately $3,288,000. Geode Capital Management LLC owned approximately 0.73% of Falcon Minerals at the end of the most recent reporting period. Institutional investors own 64.64% of the company’s stock.

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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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