Zacks: Analysts Set $13.00 Target Price for Falcon Minerals Corp (FLMN)

Falcon Minerals Corp (NASDAQ:FLMN) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $13.00 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Falcon Minerals an industry rank of 176 out of 255 based on the ratings given to its competitors.

Separately, Northland Securities began coverage on shares of Falcon Minerals in a research report on Wednesday, September 26th. They set an “outperform” rating and a $13.00 price target on the stock.

In other news, Director Steven R. Jones purchased 30,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $10.00 per share, with a total value of $300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey F. Brotman acquired 25,000 shares of the firm’s 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 disclosure for this purchase can be found here. Insiders have acquired 805,000 shares of company stock worth $8,050,000 over the last ninety days.

NASDAQ FLMN opened at $9.45 on Thursday. Falcon Minerals has a 1 year low of $9.28 and a 1 year high of $11.70.

The company 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 of this dividend is Wednesday, November 7th.

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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