Shares of Falcon Minerals Corp (NASDAQ:FLMN) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price objective of $12.00 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Falcon Minerals an industry rank of 169 out of 257 based on the ratings given to related companies.

A number of equities research analysts have commented on FLMN shares. Northland Securities started coverage on Falcon Minerals in a report on Wednesday, September 26th. They set an “outperform” rating and a $13.00 price target on the stock. Citigroup started coverage on Falcon Minerals in a report on Thursday, November 29th. They set a “buy” rating and a $11.00 price target on the stock. Credit Suisse Group started coverage on Falcon Minerals in a report on Friday. They set an “outperform” rating and a $11.00 price target on the stock. ValuEngine cut Falcon Minerals from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research raised Falcon Minerals from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a report on Tuesday, November 27th.

In other news, major shareholder Jana Partners Llc sold 803,393 shares of Falcon Minerals stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $11.34, for a total value of $9,110,476.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

Several hedge funds have recently modified their holdings of FLMN. Engineers Gate Manager LP bought a new stake in shares of Falcon Minerals in the third quarter worth about $572,000. Wells Fargo & Company MN bought a new stake in shares of Falcon Minerals in the third quarter worth about $227,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Falcon Minerals in the third quarter worth about $2,485,000. Gabelli Funds LLC bought a new stake in shares of Falcon Minerals in the third quarter worth about $1,818,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Falcon Minerals in the third quarter worth about $1,760,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:FLMN opened at $7.56 on Monday. The company has a quick ratio of 34.70, a current ratio of 34.70 and a debt-to-equity ratio of 0.14. Falcon Minerals has a 52 week low of $7.12 and a 52 week high of $11.70.

Falcon Minerals (NASDAQ:FLMN) last posted its quarterly earnings results on Friday, November 9th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14). The business had revenue of $24.28 million during the quarter, compared to analyst estimates of $29.70 million. Equities research analysts expect that Falcon Minerals will post 0.6 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th were issued a dividend of $0.095 per share. The ex-dividend date was Wednesday, November 7th.

Falcon Minerals Company Profile

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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