Falcon Minerals (NASDAQ:FLMN) released its quarterly earnings data on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14), Zacks reports. The company had revenue of $24.28 million during the quarter, compared to analyst estimates of $29.70 million.
FLMN stock traded down $0.25 during trading on Friday, reaching $9.00. 417,309 shares of the company’s stock were exchanged, compared to its average volume of 141,763. Falcon Minerals has a 1-year low of $7.40 and a 1-year high of $11.70.
The firm also recently declared a special dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, November 7th.
In other Falcon Minerals news, CFO Jeffrey F. Brotman purchased 25,000 shares of Falcon Minerals stock in a transaction on Thursday, August 23rd. The stock was bought at an average price of $10.00 per share, for a total transaction of $250,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Jana Partners Llc sold 944,703 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $11.40, for a total value of $10,769,614.20. The disclosure for this sale can be found here. Insiders have acquired a total of 805,000 shares of company stock valued at $8,050,000 in the last quarter.
A number of research analysts recently issued reports on FLMN shares. Northland Securities started coverage on Falcon Minerals in a research report on Wednesday, September 26th. They set an “outperform” rating and a $13.00 price objective for the company. ValuEngine lowered Falcon Minerals from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd.
About Falcon Minerals
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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