Falcon Minerals (NASDAQ:FLMN) has been assigned a $10.00 price objective by stock analysts at Stifel Nicolaus in a note issued to investors on Wednesday, May 8th, TipRanks reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 35.50% from the stock’s current price.
A number of other brokerages have also weighed in on FLMN. Zacks Investment Research raised Falcon Minerals from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. ValuEngine raised Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Northland Securities set a $10.00 target price on Falcon Minerals and gave the stock a “buy” rating in a research report on Thursday, February 28th. Stephens started coverage on Falcon Minerals in a research report on Thursday, April 11th. They issued an “overweight” rating and a $12.00 target price on the stock. Finally, Royal Bank of Canada began coverage on Falcon Minerals in a research report on Thursday, April 18th. They issued a “sector perform” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $9.98.
NASDAQ FLMN opened at $7.38 on Wednesday. The company has a market cap of $627.62 million, a price-to-earnings ratio of 36.90 and a beta of -0.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 11.12 and a current ratio of 11.11. Falcon Minerals has a 12-month low of $6.71 and a 12-month high of $11.70.
In other news, Director Al J. Hirshberg purchased 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $8.00 per share, for a total transaction of $240,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Samlyn Capital LLC raised its holdings in shares of Falcon Minerals by 0.4% during the fourth quarter. Samlyn Capital LLC now owns 4,009,618 shares of the company’s stock valued at $34,081,000 after buying an additional 16,683 shares during the last quarter. Wells Fargo & Company MN bought a new stake in shares of Falcon Minerals during the third quarter valued at approximately $227,000. Marshall Wace LLP bought a new stake in shares of Falcon Minerals during the third quarter valued at approximately $2,747,000. Vanguard Group Inc bought a new stake in shares of Falcon Minerals during the third quarter valued at approximately $10,156,000. Finally, Northern Trust Corp bought a new stake in shares of Falcon Minerals during the fourth quarter valued at approximately $572,000. 65.43% of the stock is currently owned by hedge funds and other institutional investors.
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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