Brigham Minerals Inc (NYSE:MNRL) has received a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.40.
A number of research firms recently issued reports on MNRL. Wells Fargo & Co reduced their price objective on Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Zacks Investment Research raised Brigham Minerals from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Capital One Financial started coverage on Brigham Minerals in a research note on Friday, October 18th. They set an “overweight” rating and a $23.00 price target for the company.
A number of institutional investors have recently bought and sold shares of the business. JHL Capital Group LLC raised its holdings in Brigham Minerals by 100.0% during the third quarter. JHL Capital Group LLC now owns 300,000 shares of the company’s stock valued at $5,970,000 after buying an additional 150,000 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new stake in Brigham Minerals during the third quarter valued at about $141,000. Millennium Management LLC grew its position in shares of Brigham Minerals by 1,819.3% in the third quarter. Millennium Management LLC now owns 345,478 shares of the company’s stock valued at $6,875,000 after purchasing an additional 327,478 shares during the last quarter. Soros Fund Management LLC lifted its position in shares of Brigham Minerals by 53.8% during the 3rd quarter. Soros Fund Management LLC now owns 586,779 shares of the company’s stock worth $11,677,000 after purchasing an additional 205,355 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Brigham Minerals by 18.9% during the 3rd quarter. Barclays PLC now owns 20,478 shares of the company’s stock worth $407,000 after purchasing an additional 3,248 shares during the last quarter. 43.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MNRL stock traded down $0.08 during trading on Friday, hitting $19.38. 4,193 shares of the company were exchanged, compared to its average volume of 228,155. The business’s 50-day simple moving average is $19.59 and its 200 day simple moving average is $20.33. Brigham Minerals has a twelve month low of $18.10 and a twelve month high of $23.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.07 and a current ratio of 7.07.
Brigham Minerals (NYSE:MNRL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05). The business had revenue of $25.11 million for the quarter, compared to analysts’ expectations of $25.50 million. Research analysts anticipate that Brigham Minerals will post 0.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend was Tuesday, November 19th.
Brigham Minerals Company Profile
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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