Falcon Minerals (NASDAQ:FLMN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

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. “

FLMN has been the subject of a number of other research reports. ValuEngine raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Citigroup cut their target price on shares of Falcon Minerals from $8.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Northland Securities downgraded shares of Falcon Minerals from an “outperform” rating to a “market perform” rating and set a $3.00 target price for the company. in a research report on Friday, March 13th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Falcon Minerals in a research report on Thursday, March 19th. Finally, Piper Sandler lifted their target price on shares of Falcon Minerals from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Falcon Minerals has a consensus rating of “Hold” and an average price target of $5.47.

NASDAQ FLMN traded down $0.54 during mid-day trading on Monday, reaching $3.10. The stock had a trading volume of 415,588 shares, compared to its average volume of 355,457. Falcon Minerals has a 1 year low of $1.60 and a 1 year high of $8.82. The stock has a market cap of $313.02 million, a PE ratio of 12.92 and a beta of 1.52. The company has a fifty day moving average price of $2.86 and a 200 day moving average price of $3.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.38 and a quick ratio of 5.38.

Falcon Minerals (NASDAQ:FLMN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Falcon Minerals had a return on equity of 4.50% and a net margin of 18.38%. The firm had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.23 million. As a group, equities research analysts expect that Falcon Minerals will post 0.1 earnings per share for the current year.

In other Falcon Minerals news, Director Brian L. Frank purchased 40,000 shares of Falcon Minerals stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $2.41 per share, for a total transaction of $96,400.00. Following the transaction, the director now directly owns 277,212 shares in the company, valued at $668,080.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can acquired a new stake in shares of Falcon Minerals during the 4th quarter worth about $26,000. SG Americas Securities LLC purchased a new position in Falcon Minerals in the first quarter valued at approximately $27,000. Janus Henderson Group PLC purchased a new position in Falcon Minerals in the first quarter valued at approximately $29,000. Howard Financial Services LTD. purchased a new position in Falcon Minerals in the first quarter valued at approximately $37,000. Finally, Citigroup Inc. raised its holdings in Falcon Minerals by 207.6% in the first quarter. Citigroup Inc. now owns 26,590 shares of the company’s stock valued at $57,000 after buying an additional 17,946 shares during the period. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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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