Falcon Minerals Corp (NASDAQ:FLMN)’s share price reached a new 52-week low on Thursday . The company traded as low as $7.12 and last traded at $7.26, with a volume of 500 shares changing hands. The stock had previously closed at $7.60.

A number of equities analysts have weighed in on FLMN shares. Citigroup started coverage on shares of Falcon Minerals in a research report on Thursday, November 29th. They issued a “buy” rating and a $11.00 price objective for the company. Northland Securities started coverage on shares of Falcon Minerals in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $13.00 price objective for the company. ValuEngine cut shares of Falcon Minerals from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Credit Suisse Group started coverage on shares of Falcon Minerals in a research report on Friday. They issued an “outperform” rating and a $11.00 price objective for the company. Finally, Zacks Investment Research raised shares of Falcon Minerals from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $10.94.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 34.70 and a current ratio of 34.70.

Falcon Minerals (NASDAQ:FLMN) last issued its earnings results on Friday, November 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The firm had revenue of $24.28 million for the quarter, compared to analyst estimates of $29.70 million. As a group, equities analysts forecast that Falcon Minerals Corp will post 0.6 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were paid a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, November 7th.

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

Several institutional investors have recently modified their holdings of FLMN. Brookfield Asset Management Inc. acquired a new stake in shares of Falcon Minerals in the 3rd quarter valued at about $11,275,000. Vanguard Group Inc. acquired a new stake in shares of Falcon Minerals in the 3rd quarter valued at about $10,156,000. Soros Fund Management LLC acquired a new stake in shares of Falcon Minerals in the 3rd quarter valued at about $7,700,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Falcon Minerals in the 3rd quarter valued at about $3,847,000. Finally, Marshall Wace LLP acquired a new stake in shares of Falcon Minerals in the 3rd quarter valued at about $2,747,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

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Falcon Minerals Company Profile (NASDAQ:FLMN)

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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