In a report issued on March 17, Jeff Grampp from Northland Securities maintained a Buy rating on Falcon Minerals Corporation (FLMN), with a price target of $9.50. The company’s shares closed yesterday at $8.82.
According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.
Falcon Minerals Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.
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Falcon Minerals Corporation’s market cap is currently $404.4M and has a P/E ratio of 27.58. The company has a Price to Book ratio of 2.83.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLMN in relation to earlier this year.
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Falcon Minerals Corp. engages in the provision of oil and gas minerals. It also owns mineral, royalty, and over-riding royalty interests in the Eagle Ford and Austin Chalk in Karnes County, DeWitt County, and Gonzales County Texas. The company was founded on June 13, 2016 and is headquartered in Philadelphia, PA.
