Falcon Minerals (NASDAQ:FLMN) has been assigned a $8.00 price target by research analysts at Citigroup in a research report issued to clients and investors on Monday, TipRanks reports. The firm currently has a “buy” rating on the stock. Citigroup‘s target price suggests a potential upside of 33.11% from the stock’s previous close.

FLMN has been the topic of several other research reports. Northland Securities reaffirmed a “buy” rating and set a $9.50 target price on shares of Falcon Minerals in a research note on Tuesday, May 7th. SunTrust Banks initiated coverage on shares of Falcon Minerals in a research note on Monday, June 17th. They set a “buy” rating and a $11.00 target price on the stock. Royal Bank of Canada initiated coverage on Falcon Minerals in a report on Thursday, April 18th. They set a “sector perform” rating and a $10.00 price target on the stock. Robert W. Baird initiated coverage on Falcon Minerals in a report on Thursday, May 23rd. They set an “outperform” rating and a $7.35 price target on the stock. Finally, Zacks Investment Research upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $9.89.

FLMN traded down $0.24 on Monday, hitting $6.01. 3,340 shares of the company’s stock were exchanged, compared to its average volume of 200,435. Falcon Minerals has a fifty-two week low of $6.05 and a fifty-two week high of $11.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 11.12 and a current ratio of 11.11. The firm’s 50-day simple moving average is $7.73. The company has a market capitalization of $523.73 million, a PE ratio of 30.05 and a beta of 0.33.

Falcon Minerals (NASDAQ:FLMN) last announced its earnings results on Monday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). Falcon Minerals had a return on equity of 10.71% and a net margin of 31.57%. The business had revenue of $18.25 million for the quarter, compared to analyst estimates of $20.88 million. As a group, equities research analysts forecast that Falcon Minerals will post 0.44 EPS for the current fiscal year.

In related news, Director Al J. Hirshberg purchased 50,000 shares of Falcon Minerals stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $4.49 per share, for a total transaction of $224,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Falcon Minerals by 14.6% in the second quarter. Vanguard Group Inc. now owns 1,277,515 shares of the company’s stock valued at $10,731,000 after purchasing an additional 163,149 shares in the last quarter. Cooperman Leon G acquired a new position in Falcon Minerals in the second quarter valued at approximately $3,385,000. A.R.T. Advisors LLC acquired a new position in Falcon Minerals in the second quarter valued at approximately $251,000. Tower Research Capital LLC TRC acquired a new position in Falcon Minerals in the second quarter valued at approximately $35,000. Finally, BlackRock Inc. boosted its holdings in Falcon Minerals by 1,296.3% in the second quarter. BlackRock Inc. now owns 2,002,355 shares of the company’s stock valued at $16,820,000 after purchasing an additional 1,858,954 shares in the last quarter. Hedge funds and other institutional investors own 38.65% 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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