Falcon Minerals (NASDAQ:FLMN) Releases Earnings Results, Misses Expectations By $0.02 EPS

Falcon Minerals (NASDAQ:FLMN) announced its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), Fidelity Earnings reports. The company had revenue of $15.91 million during the quarter, compared to the consensus estimate of $16.30 million. Falcon Minerals had a net margin of 31.57% and a return on equity of 10.79%.

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Shares of FLMN stock traded up $0.01 on Friday, reaching $6.39. The company had a trading volume of 229,400 shares, compared to its average volume of 210,448. The stock has a market cap of $552.95 million, a PE ratio of 31.95 and a beta of 0.49. The company has a current ratio of 9.25, a quick ratio of 9.25 and a debt-to-equity ratio of 0.14. Falcon Minerals has a 12 month low of $5.31 and a 12 month high of $9.53. The company has a 50-day moving average of $6.17 and a 200-day moving average of $7.14.

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

In other news, major shareholder Hite Hedge Asset Management Ll sold 176,400 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.04, for a total value of $1,241,856.00. In the last three months, insiders sold 322,669 shares of company stock valued at $2,176,423. 15.80% of the stock is currently owned by insiders.

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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Earnings History for Falcon Minerals (NASDAQ:FLMN)

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