$17.38 Million in Sales Expected for Brigham Minerals Inc (MNRL) This Quarter

Equities research analysts expect Brigham Minerals Inc (NYSE:MNRL) to post sales of $17.38 million for the current quarter, Zacks reports. Three analysts have made estimates for Brigham Minerals’ earnings, with the highest sales estimate coming in at $19.85 million and the lowest estimate coming in at $15.90 million. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Brigham Minerals will report full-year sales of $104.20 million for the current year, with estimates ranging from $93.80 million to $119.01 million. For the next financial year, analysts expect that the company will post sales of $145.92 million, with estimates ranging from $113.60 million to $219.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Brigham Minerals.

A number of equities research analysts have recently commented on MNRL shares. Wells Fargo & Co started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued an “outperform” rating and a $24.00 target price on the stock. Raymond James started coverage on Brigham Minerals in a research note on Tuesday, May 14th. They issued a “strong-buy” rating and a $29.00 target price on the stock. Piper Jaffray Companies started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued an “overweight” rating and a $25.00 target price on the stock. Goldman Sachs Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, UBS Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued a “buy” rating and a $25.00 target price on the stock. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.56.

In other Brigham Minerals news, insider Ben M. Brigham acquired 111,110 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average cost of $18.00 per share, with a total value of $1,999,980.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Blake C. Williams acquired 19,444 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $349,992.00. The disclosure for this purchase can be found here. Insiders have purchased 206,665 shares of company stock worth $3,719,970 over the last ninety days.

Shares of Brigham Minerals stock traded down $0.23 during midday trading on Tuesday, reaching $20.77. 94,959 shares of the company’s stock traded hands, compared to its average volume of 249,684. Brigham Minerals has a 12 month low of $18.61 and a 12 month high of $22.46.

About Brigham Minerals

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 Permian Basin in West Texas and New Mexico; the SCOOP/STACK plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

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Earnings History and Estimates for Brigham Minerals (NYSE:MNRL)

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