Falcon Minerals Corporation (NASDAQ:FLMN) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.03 per share.
Looking ahead, the full year income are expected at $ 0.12 per share on the revenues of $ 41.38 million.
Previous Quarter Performance
Falcon Minerals Corporation unfold loss for the second quarter of $ 0.01 per share, from the revenue of $ 6.12 million. Street analysts expected Falcon Minerals Corporation to report loss of $ 0.01 per share on revenue of $ 6.71 million for the second quarter. The top line results fell short of analysts by $ 0.59 million or 8.79 percent.
Stock Performance
Shares of Falcon Minerals Corporation traded up $ 0.09 or 4.79 percent on Tuesday, reaching $ 1.97 with volume of 101.20 thousand shares. Falcon Minerals Corporation has traded high as $ 2.01 and has cracked $ 1.92 on the downward trend
According to the previous trading day, closing price of $ 1.97, representing a 17.50 % increase from the 52 week low of $ 1.60 and a 74.07 % decrease over the 52 week high of $ 7.25.
The company has a market capital of $ 169.46 million and is part of the Energy sector and Oil & Gas E&P industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.03 per share to holders of record as of the close of business on August 25, 2020, with payment date of September 8, 2020 and ex-dividend date on August 24, 2020.
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. The company is based in Philadelphia, Pennsylvania.
