NYSE:MNRLBrigham Minerals Stock Price, Forecast & News

$12.99

+0.19 (+1.48 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$12.00

Now: $12.99▼

$13.15

50-Day Range

$9.15

MA: $11.55▼

$13.54

52-Week Range

$5.86

Now: $12.99▼

$23.29

Volume665,614 shs

Average Volume513,044 shs

Market Capitalization$738.96 million

P/E Ratio37.12

Dividend Yield11.88%

BetaN/A

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. As of December 31, 2018, it had mineral and royalty interests in approximately 48,100 net mineral acres; and owned mineral and royalty interests in 3,355 gross productive horizontal wells, which consisted of 3,064 oil wells and 291 natural gas wells. The company also had proved undeveloped reserves of 6,923 thousand barrels of oil; 30,062 million cubic feet of natural gas; and 3,220 million barrels of natural gas liquids for a total of 15,153 thousand barrels of oil equivalent. Brigham Minerals, Inc. was founded in 2012 and is based in Austin, Texas.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Brigham Minerals has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.63, Brigham Minerals has a potential upside of 35.7% from its current price of $12.99.
Amount of Analyst Coverage
Brigham Minerals has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Brigham Minerals has received 49 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brigham Minerals has received 43 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brigham Minerals has received 53.26% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Brigham Minerals and other stocks. Vote “Outperform” if you believe MNRL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MNRL will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Brigham Minerals is a leading dividend payer. It pays a dividend yield of 11.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brigham Minerals does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Brigham Minerals is 266.67 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Brigham Minerals will have a dividend payout ratio of 475.00 % in the coming year. This indicates that Brigham Minerals may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brigham Minerals insiders have bought more of their company's stock than they have sold. Specifically, they have bought $246,060.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.35% of the stock of Brigham Minerals is held by insiders.
Percentage Held by Institutions
68.65% of the stock of Brigham Minerals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Brigham Minerals are expected to grow by 255.56% in the coming year, from $0.09 to $0.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brigham Minerals is 37.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brigham Minerals is 37.12, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 18.31.
Price to Book Value per Share Ratio
Brigham Minerals has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.92 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:MNRL

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.brighamminerals.net

Phone512-220-6350

Debt

Debt-to-Equity RatioN/A

Current Ratio7.27

Quick Ratio7.27

Price-To-Earnings

Trailing P/E Ratio37.12

Forward P/E Ratio144.33

P/E GrowthN/A

Sales & Book Value

Annual Sales$101.51 million

Price / Sales7.28

Cash Flow$0.78 per share

Price / Cash Flow16.60

Book Value$5.58 per share

Price / Book2.33

Profitability

EPS (Most Recent Fiscal Year)$0.57

Net Income$21.64 million

Net Margins9.58%

Return on Equity6.98%

Return on Assets2.26%

Miscellaneous

Employees30

Outstanding Shares56,887,000

Market Cap$738.96 million

Next Earnings Date8/13/2020 (Estimated)

OptionableNot Optionable

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Brigham Minerals (NYSE:MNRL) Frequently Asked Questions

How has Brigham Minerals' stock been impacted by COVID-19 (Coronavirus)?

Brigham Minerals' stock was trading at $9.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MNRL shares have increased by 30.2% and is now trading at $12.99. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Brigham Minerals?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Brigham Minerals.

When is Brigham Minerals' next earnings date?

Brigham Minerals is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Brigham Minerals.

How were Brigham Minerals' earnings last quarter?

Brigham Minerals Inc (NYSE:MNRL) issued its quarterly earnings data on Wednesday, May, 13th. The company reported $0.14 EPS for the quarter, hitting the Zacks' consensus estimate of $0.14. The firm had revenue of $32.28 million for the quarter, compared to analysts' expectations of $29.82 million. Brigham Minerals had a return on equity of 6.98% and a net margin of 9.58%. View Brigham Minerals' earnings history.

How often does Brigham Minerals pay dividends? What is the dividend yield for Brigham Minerals?

Brigham Minerals declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.37 per share on Wednesday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 11.39%. The ex-dividend date is Tuesday, May 26th. View Brigham Minerals' dividend history.

What price target have analysts set for MNRL?

11 brokerages have issued twelve-month price targets for Brigham Minerals' stock. Their forecasts range from $11.00 to $28.00. On average, they anticipate Brigham Minerals' stock price to reach $17.63 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price. View analysts' price targets for Brigham Minerals.

Has Brigham Minerals been receiving favorable news coverage?

Press coverage about MNRL stock has been trending extremely negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Brigham Minerals earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutBrigham Minerals.

Who are some of Brigham Minerals' key competitors?

Some companies that are related to Brigham Minerals include Cimarex Energy (XEC), Ovintiv (OVV), CNX Resources (CNX), Murphy Oil (MUR), Southwestern Energy (SWN), Viper Energy Partners (VNOM), Range Resources (RRC), Magnolia Oil & Gas (MGY), ARC Resources (AETUF), Black Stone Minerals (BSM), PDC Energy (PDCE), Matador Resources (MTDR), Comstock Resources (CRK), Antero Resources (AR) and Vermilion Energy (VET). View all competitors.

What other stocks do shareholders of Brigham Minerals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brigham Minerals investors own include Crius Energy Unt (KWH.UN), AT&T (T), Golar LNG Partners (GMLP), Pembina Pipeline (PBA), Enterprise Products Partners (EPD), Pfizer (PFE), AbbVie (ABBV), Occidental Petroleum (OXY), TELUS (TU) and Brookfield Infrastructure Partners (BIP).

Who are Brigham Minerals' key executives?

Brigham Minerals' management team includes the following people:

Mr. Ben M. Brigham II, Exec. Chairman (Age 59)
Mr. Robert M. Roosa, Pres, CEO & Director (Age 49)
Mr. Blake C. Williams, Chief Financial Officer (Age 32)

When did Brigham Minerals IPO?

(MNRL) raised $223 million in an IPO on Thursday, April 18th 2019. The company issued 13,500,000 shares at $15.00-$18.00 per share. Credit Suiss, Goldman Sachs, Barclays, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities acted as the underwriters for the IPO and Raymond James, Seaport Global Securities, Simmons Energy and Tudor, Pickering, Holt (A Division of Piper Jaffray) were co-managers.

What is Brigham Minerals' stock symbol?

Brigham Minerals trades on the New York Stock Exchange (NYSE) under the ticker symbol "MNRL."

Who are Brigham Minerals' major shareholders?

Brigham Minerals' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.97%), Wellington Management Group LLP (3.38%), Russell Investments Group Ltd. (3.24%), Oxbow Advisors LLC (2.87%), Nuveen Asset Management LLC (2.35%) and Clearbridge Investments LLC (1.37%). Company insiders that own Brigham Minerals stock include Ben M Brigham, Blake C Williams, Harold D Carter, James R Levy, John R Sult, Robert M Roosa and Yorktown X Associates Llc. View institutional ownership trends for Brigham Minerals.

Which major investors are selling Brigham Minerals stock?

MNRL stock was sold by a variety of institutional investors in the last quarter, including Portolan Capital Management LLC, William Blair Investment Management LLC, Wellington Management Group LLP, King Luther Capital Management Corp, Morgan Stanley, First Trust Advisors LP, Commonwealth Equity Services LLC, and Clearbridge Investments LLC. Company insiders that have sold Brigham Minerals company stock in the last year include James R Levy, and Yorktown X Associates Llc. View insider buying and selling activity for Brigham Minerals.

Which major investors are buying Brigham Minerals stock?

MNRL stock was bought by a variety of institutional investors in the last quarter, including Oxbow Advisors LLC, BlackRock Inc., Russell Investments Group Ltd., Deprince Race & Zollo Inc., Aviva PLC, Fuller & Thaler Asset Management Inc., State Street Corp, and Nuveen Asset Management LLC. Company insiders that have bought Brigham Minerals stock in the last two years include Ben M Brigham, Blake C Williams, Harold D Carter, John R Sult, and Robert M Roosa. View insider buying and selling activity for Brigham Minerals.

How do I buy shares of Brigham Minerals?

Shares of MNRL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Brigham Minerals' stock price today?

One share of MNRL stock can currently be purchased for approximately $12.99.

How big of a company is Brigham Minerals?

Brigham Minerals has a market capitalization of $738.96 million and generates $101.51 million in revenue each year. The company earns $21.64 million in net income (profit) each year or $0.57 on an earnings per share basis. Brigham Minerals employs 30 workers across the globe.

What is Brigham Minerals' official website?

The official website for Brigham Minerals is www.brighamminerals.net.

How can I contact Brigham Minerals?

Brigham Minerals' mailing address is 5914 W. COURTYARD DRIVE SUITE 100, AUSTIN TX, 78730. The company can be reached via phone at 512-220-6350 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff