Falcon Minerals Corp (NASDAQ:FLMN) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.135 per share on Tuesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend is Tuesday, November 19th.
Shares of FLMN stock traded up $0.09 on Friday, hitting $6.46. The stock had a trading volume of 2,794,300 shares, compared to its average volume of 234,298. Falcon Minerals has a one year low of $5.31 and a one year high of $9.53. The company has a quick ratio of 9.25, a current ratio of 6.05 and a debt-to-equity ratio of 0.15. The company has a market cap of $547.50 million, a PE ratio of 32.30 and a beta of 0.49. The business has a 50 day moving average price of $6.17 and a 200 day moving average price of $7.07.
Falcon Minerals (NASDAQ:FLMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). Falcon Minerals had a net margin of 22.83% and a return on equity of 7.16%. The company had revenue of $15.91 million for the quarter, compared to analyst estimates of $16.30 million. Equities research analysts expect that Falcon Minerals will post 0.34 EPS for the current year.
Several equities analysts have recently issued reports on FLMN shares. Citigroup set a $8.00 price objective on shares of Falcon Minerals and gave the company a “buy” rating in a report on Monday, August 12th. Zacks Investment Research downgraded shares of Falcon Minerals from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Co began coverage on Falcon Minerals in a research report on Friday, October 4th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.89.
In related news, major shareholder Hite Hedge Asset Management Ll sold 176,400 shares of the company’s 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 quarter, insiders sold 322,669 shares of company stock worth $2,176,423. 15.80% of the stock is owned by insiders.
Falcon Minerals Company Profile
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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