Falcon Minerals (NASDAQ:FLMN) released its earnings results on Friday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.14), Zacks reports. The business had revenue of $24.28 million during the quarter, compared to the consensus estimate of $29.70 million.
Shares of FLMN traded down $0.25 during midday trading on Friday, hitting $9.00. The company had a trading volume of 417,309 shares, 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 business also recently disclosed a special dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid a $0.095 dividend. The ex-dividend date is Wednesday, November 7th.
Several research firms have weighed in on FLMN. ValuEngine downgraded Falcon Minerals from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Northland Securities started coverage on Falcon Minerals in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $13.00 target price for the company.
TRADEMARK VIOLATION WARNING: This report was originally published by WKRB News and is owned by of WKRB News. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.wkrb13.com/2018/11/10/falcon-minerals-flmn-announces-quarterly-earnings-results.html.
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.
Further Reading: Diversification For Individual Investors
Receive News & Ratings for Falcon Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Falcon Minerals and related companies with MarketBeat.com's FREE daily email newsletter.