In a report released yesterday, T J Schultz from RBC Capital maintained a Hold rating on Falcon Minerals (FLMN), with a price target of $4.00. The company’s shares closed last Thursday at $2.34, close to its 52-week low of $1.60.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 8.8% and a 56.6% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, NGL Energy Partners, and Rattler Midstream.
Currently, the analyst consensus on Falcon Minerals is a Moderate Buy with an average price target of $4.25.
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The company has a one-year high of $7.25 and a one-year low of $1.60. Currently, Falcon Minerals has an average volume of 143.4K.
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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.