Falcon Minerals (FLMN) Releases Earnings Results, Misses Expectations By $0.14 EPS
Falcon Minerals (NASDAQ:FLMN) posted its quarterly earnings data on Friday. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14), Zacks reports. The firm had revenue of $24.28 million during the quarter, compared to the consensus estimate of $29.70 million.
Shares of Falcon Minerals stock traded down $0.25 on Friday, reaching $9.00. 417,309 shares of the company were exchanged, compared to its average volume of 141,763. Falcon Minerals has a fifty-two week low of $7.40 and a fifty-two week high of $11.70.
The business also recently announced a special dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, November 7th.
A number of analysts have recently commented on FLMN shares. Northland Securities started coverage on Falcon Minerals in a research note on Wednesday, September 26th. They issued an “outperform” rating and a $13.00 price objective on the stock. ValuEngine downgraded Falcon Minerals from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd.
About Falcon Minerals
Falcon Minerals Corporation acquires, owns, maintains, and manages mineral interests, mineral royalties, and overriding royalties relating to onshore unconventional shale oil and natural gas properties in the United States; and any associated interests and royalties relating to conventional oil and natural gas properties.
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