Falcon Minerals (NASDAQ:FLMN) announced its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), Fidelity Earnings reports. Falcon Minerals had a net margin of 31.57% and a return on equity of 10.79%. The business had revenue of $15.91 million for the quarter, compared to the consensus estimate of $16.30 million.
NASDAQ FLMN traded up $0.01 on Friday, hitting $6.39. The stock had a trading volume of 229,400 shares, compared to its average volume of 210,448. The company has a quick ratio of 9.25, a current ratio of 9.25 and a debt-to-equity ratio of 0.14. The stock has a market cap of $552.95 million, a price-to-earnings ratio of 31.95 and a beta of 0.49. Falcon Minerals has a one year low of $5.31 and a one year high of $9.53. The company’s 50-day moving average is $6.17 and its two-hundred day moving average is $7.14.
In other Falcon Minerals news, major shareholder Hite Hedge Asset Management Ll sold 28,642 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $6.51, for a total value of $186,459.42. In the last 90 days, insiders sold 322,669 shares of company stock valued at $2,176,423. 15.80% of the stock is owned by insiders.
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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