Falcon Minerals (FLMN) Scheduled to Post Earnings on Monday

Falcon Minerals (NASDAQ:FLMN) will post its quarterly earnings results before the market opens on Monday, August 5th. Analysts expect Falcon Minerals to post earnings of $0.12 per share for the quarter.

Falcon Minerals (NASDAQ:FLMN) last released its earnings results on Monday, May 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $21.26 million for the quarter, compared to the consensus estimate of $20.49 million. On average, analysts expect Falcon Minerals to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ FLMN opened at $7.76 on Friday. Falcon Minerals has a 12 month low of $6.71 and a 12 month high of $11.70. The company has a market cap of $679.14 million, a PE ratio of 38.80 and a beta of 0.33. The business’s 50 day moving average price is $8.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 11.12 and a current ratio of 11.11.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. Stephens assumed coverage on shares of Falcon Minerals in a research note on Thursday, April 11th. They set an “overweight” rating and a $12.00 target price on the stock. Capital One Financial assumed coverage on shares of Falcon Minerals in a research note on Friday, May 31st. They set an “overweight” rating and a $10.00 target price on the stock. SunTrust Banks began coverage on shares of Falcon Minerals in a research note on Monday, June 17th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Royal Bank of Canada began coverage on shares of Falcon Minerals in a research report on Thursday, April 18th. They set a “sector perform” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Falcon Minerals currently has an average rating of “Buy” and an average price target of $10.09.

In related news, Director Al J. Hirshberg acquired 30,000 shares of Falcon Minerals stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $8.00 per share, for a total transaction of $240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.

Further Reading: Cost of equity and a company’s balance sheet

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