Falcon Minerals (NASDAQ:FLMN) had its target price trimmed by Royal Bank of Canada from $10.00 to $8.00 in a research note issued to investors on Monday morning, The Fly reports. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts have also recently weighed in on FLMN. ValuEngine raised Falcon Minerals from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Wells Fargo & Co initiated coverage on Falcon Minerals in a research report on Friday, October 4th. They issued a market perform rating for the company. Zacks Investment Research cut Falcon Minerals from a hold rating to a sell rating in a research report on Wednesday, November 13th. Finally, Citigroup set a $8.00 price objective on Falcon Minerals and gave the company a buy rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $9.69.

Falcon Minerals stock traded down $0.31 during trading hours on Monday, reaching $6.16. 491,113 shares of the company were exchanged, compared to its average volume of 223,426. The firm has a market cap of $555.24 million, a price-to-earnings ratio of 30.90 and a beta of 0.49. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $6.19 and a 200 day moving average of $7.03. Falcon Minerals has a 12 month low of $5.31 and a 12 month high of $9.53.

Falcon Minerals (NASDAQ:FLMN) last announced its earnings results on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Falcon Minerals had a return on equity of 7.16% and a net margin of 22.83%. The company had revenue of $15.91 million for the quarter, compared to the consensus estimate of $16.30 million. As a group, research analysts forecast that Falcon Minerals will post 0.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Wednesday, November 20th will be given a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.54 annualized dividend and a dividend yield of 8.77%. Falcon Minerals’s dividend payout ratio is 300.00%.

In related news, major shareholder Hite Hedge Asset Management Ll sold 117,627 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $6.36, for a total value of $748,107.72. Insiders sold 322,669 shares of company stock valued at $2,176,423 over the last 90 days. 15.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in shares of Falcon Minerals in the second quarter valued at $27,000. Tower Research Capital LLC TRC acquired a new position in shares of Falcon Minerals in the second quarter valued at $35,000. Arlington Partners LLC acquired a new position in shares of Falcon Minerals in the second quarter valued at $71,000. Strs Ohio acquired a new position in shares of Falcon Minerals in the second quarter valued at $86,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Falcon Minerals in the second quarter valued at $99,000. Institutional investors and hedge funds own 39.76% of the company’s stock.

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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Analyst Recommendations for Falcon Minerals (NASDAQ:FLMN)

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