Research Analysts’ Weekly Ratings Updates for Falcon Minerals (FLMN)

Several analysts have recently updated their ratings and price targets for Falcon Minerals (NASDAQ: FLMN):

  • 5/9/2019 – Falcon Minerals was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Falcon Minerals Corporation own and acquire oil-weighted minerals. The company owns mineral, royalty and over-riding royalty interests primarily in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County and Gonzales County Texas. Falcon Minerals Corporation, formerly named Osprey Energy Acquisition Corp., is based in San Diego, California. “
  • 5/8/2019 – Falcon Minerals was given a new $10.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 5/7/2019 – Falcon Minerals had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $9.50 price target on the stock.
  • 5/3/2019 – Falcon Minerals was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/24/2019 – Falcon Minerals was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Falcon Minerals Corporation own and acquire oil-weighted minerals. The company owns mineral, royalty and over-riding royalty interests primarily in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County and Gonzales County Texas. Falcon Minerals Corporation, formerly named Osprey Energy Acquisition Corp., is based in San Diego, California. “
  • 4/18/2019 – Falcon Minerals is now covered by analysts at Royal Bank of Canada. They set a “sector perform” rating and a $10.00 price target on the stock.
  • 4/11/2019 – Falcon Minerals is now covered by analysts at Stephens. They set an “overweight” rating and a $12.00 price target on the stock.
  • 4/9/2019 – Falcon Minerals was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Falcon Minerals Corporation own and acquire oil-weighted minerals. The company owns mineral, royalty and over-riding royalty interests primarily in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County and Gonzales County Texas. Falcon Minerals Corporation, formerly named Osprey Energy Acquisition Corp., is based in San Diego, California. “
  • 4/4/2019 – Falcon Minerals is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $10.00 price target on the stock.
  • 4/2/2019 – Falcon Minerals was given a new $10.00 price target on by analysts at Citigroup Inc. They now have a “buy” rating on the stock.

Shares of FLMN stock opened at $7.90 on Wednesday. Falcon Minerals Corp has a 52 week low of $6.71 and a 52 week high of $11.70. The firm has a market capitalization of $678.29 million, a P/E ratio of 39.50 and a beta of -0.15. The company has a quick ratio of 11.12, a current ratio of 11.11 and a debt-to-equity ratio of 0.11.

Falcon Minerals (NASDAQ:FLMN) last announced its quarterly 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 business had revenue of $21.26 million during the quarter, compared to analysts’ expectations of $20.49 million. Sell-side analysts anticipate that Falcon Minerals Corp will post 0.48 EPS for the current fiscal year.



The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 17th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend is Thursday, May 16th. Falcon Minerals’s payout ratio is 350.00%.

In other Falcon Minerals news, Director Al J. Hirshberg purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $8.00 per share, with a total value of $240,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FLMN. HITE Hedge Asset Management LLC lifted its position in Falcon Minerals by 52.8% during the fourth quarter. HITE Hedge Asset Management LLC now owns 6,429,479 shares of the company’s stock valued at $54,651,000 after buying an additional 2,220,598 shares during the period. Vanguard Group Inc purchased a new position in Falcon Minerals during the third quarter valued at $10,156,000. Vanguard Group Inc. purchased a new position in Falcon Minerals during the third quarter valued at $10,156,000. Geode Capital Management LLC purchased a new position in Falcon Minerals during the fourth quarter valued at $3,288,000. Finally, Goldman Sachs Group Inc. lifted its position in Falcon Minerals by 6.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,104,744 shares of the company’s stock valued at $27,446,000 after buying an additional 181,878 shares during the period. 65.43% of the stock is owned by institutional investors.

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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