Brigham Minerals, Inc. (NYSE:MNRL) Receives Average Rating of “Buy” from Brokerages

Brigham Minerals, Inc. (NYSE:MNRLGet Rating) has been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $34.60.

A number of brokerages have commented on MNRL. Barclays cut their price objective on shares of Brigham Minerals from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Wells Fargo & Company increased their price target on shares of Brigham Minerals from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, May 23rd. Piper Sandler cut their price target on shares of Brigham Minerals from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, July 22nd. Finally, Raymond James increased their price target on shares of Brigham Minerals from $41.00 to $49.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 30th.

Brigham Minerals Stock Down 2.8 %

Shares of Brigham Minerals stock opened at $26.94 on Monday. The company has a market cap of $1.63 billion, a P/E ratio of 13.08 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.05 and a current ratio of 5.05. Brigham Minerals has a one year low of $18.53 and a one year high of $33.64. The firm has a fifty day moving average of $27.23 and a two-hundred day moving average of $26.98.

Brigham Minerals (NYSE:MNRLGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $90.88 million during the quarter, compared to the consensus estimate of $81.38 million. Brigham Minerals had a net margin of 41.17% and a return on equity of 14.52%. Brigham Minerals’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts forecast that Brigham Minerals will post 2.74 earnings per share for the current year.

Brigham Minerals Increases Dividend

The firm also recently announced a None dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 19th were issued a dividend of $0.77 per share. This is an increase from Brigham Minerals’s previous None dividend of $0.60. This represents a yield of 2.2%. The ex-dividend date was Thursday, August 18th. Brigham Minerals’s dividend payout ratio (DPR) is 31.07%.

Insider Buying and Selling at Brigham Minerals

In other Brigham Minerals news, Director Pbra, Llc sold 59,390 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $28.15, for a total transaction of $1,671,828.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brigham Minerals

Several hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC boosted its position in shares of Brigham Minerals by 3.7% in the second quarter. Private Advisor Group LLC now owns 13,404 shares of the company’s stock worth $330,000 after acquiring an additional 476 shares during the last quarter. Citigroup Inc. boosted its position in shares of Brigham Minerals by 2.1% in the first quarter. Citigroup Inc. now owns 23,857 shares of the company’s stock worth $610,000 after acquiring an additional 487 shares during the last quarter. Captrust Financial Advisors lifted its position in Brigham Minerals by 61.3% during the second quarter. Captrust Financial Advisors now owns 1,360 shares of the company’s stock valued at $33,000 after buying an additional 517 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in Brigham Minerals by 20.2% during the first quarter. Advisor Group Holdings Inc. now owns 3,319 shares of the company’s stock valued at $84,000 after buying an additional 557 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Brigham Minerals by 4.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,099 shares of the company’s stock valued at $361,000 after buying an additional 759 shares in the last quarter. 78.20% of the stock is owned by institutional investors and hedge funds.

Brigham Minerals Company Profile

(Get Rating)

Brigham Minerals, Inc owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

Further Reading

Analyst Recommendations for Brigham Minerals (NYSE:MNRL)

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