Falcon Minerals Corp (NASDAQ:FLMN) Receives $10.09 Consensus Target Price from Analysts

Shares of Falcon Minerals Corp (NASDAQ:FLMN) have been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.09.

Several research firms have recently commented on FLMN. SunTrust Banks began coverage on shares of Falcon Minerals in a report on Monday. They issued a “buy” rating and a $11.00 target price on the stock. Capital One Financial began coverage on shares of Falcon Minerals in a report on Friday, May 31st. They issued an “overweight” rating and a $10.00 target price on the stock. Stifel Nicolaus raised shares of Falcon Minerals from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, May 29th. Robert W. Baird began coverage on shares of Falcon Minerals in a research note on Thursday, May 23rd. They set an “outperform” rating and a $7.35 price target on the stock. Finally, Zacks Investment Research downgraded shares of Falcon Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

In other news, Director Al J. Hirshberg acquired 30,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $8.00 per share, for a total transaction of $240,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. HITE Hedge Asset Management LLC grew its holdings in shares of Falcon Minerals by 1.8% in the first quarter. HITE Hedge Asset Management LLC now owns 6,543,064 shares of the company’s stock worth $57,841,000 after purchasing an additional 113,585 shares during the last quarter. Samlyn Capital LLC grew its holdings in Falcon Minerals by 0.4% during the 4th quarter. Samlyn Capital LLC now owns 4,009,618 shares of the company’s stock worth $34,081,000 after acquiring an additional 16,683 shares in the last quarter. Vanguard Group Inc. bought a new position in Falcon Minerals during the 3rd quarter worth about $10,156,000. Geode Capital Management LLC bought a new position in Falcon Minerals during the 4th quarter worth about $3,288,000. Finally, Victory Capital Management Inc. bought a new position in Falcon Minerals during the 1st quarter worth about $1,034,000. Institutional investors and hedge funds own 65.43% of the company’s stock.

NASDAQ:FLMN traded up $0.07 during trading hours on Tuesday, hitting $8.12. 830 shares of the stock traded hands, compared to its average volume of 210,414. Falcon Minerals has a 1 year low of $6.71 and a 1 year high of $11.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 11.11 and a quick ratio of 11.12. The company has a market capitalization of $679.14 million, a P/E ratio of 40.60 and a beta of 0.12.

Falcon Minerals (NASDAQ:FLMN) last released its earnings results on Monday, May 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $21.26 million during the quarter, compared to analysts’ expectations of $20.49 million. On average, sell-side analysts anticipate that Falcon Minerals will post 0.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 17th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend was Thursday, May 16th. Falcon Minerals’s dividend payout ratio (DPR) is 350.00%.

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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Analyst Recommendations for Falcon Minerals (NASDAQ:FLMN)

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