Brigham Minerals - MNRL Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last twelve months. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MNRL shares.
View MNRL analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 12-month price objectives for Brigham Minerals' shares. Their MNRL share price forecasts range from $27.00 to $44.00. On average, they predict the company's stock price to reach $33.50 in the next year. This suggests that the stock has a possible downside of 0.2%.
View analysts price targets for MNRL or view top-rated stocks among Wall Street analysts.

Brigham Minerals' stock was trading at $21.09 on January 1st, 2022. Since then, MNRL shares have increased by 59.2% and is now trading at $33.58.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MNRL earnings forecast.

Brigham Minerals, Inc. (NYSE:MNRL) released its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The company earned $41.96 million during the quarter, compared to the consensus estimate of $40.50 million. Brigham Minerals had a net margin of 42.07% and a trailing twelve-month return on equity of 18.33%. During the same quarter in the prior year, the business earned $0.06 earnings per share.

Brigham Minerals announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Friday, November 18th will be given a dividend of $0.16 per share on Friday, November 25th. This represents a $0.64 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for MNRL.

Brigham Minerals (NYSE:MNRL) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.91%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MNRL will have a dividend payout ratio of 25.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MNRL.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brigham Minerals investors own include Crius Energy Unt (KWH.UN), Pfizer (PFE), Pembina Pipeline (PBA), Golar LNG Partners (GMLP), STAG Industrial (STAG), AT&T (T), Valero Energy (VLO), Enterprise Products Partners (EPD) and Suncor Energy (SU).

(MNRL) raised $223 million in an IPO on Thursday, April 18th 2019. The company issued 13,500,000 shares at a price of $15.00-$18.00 per share. Credit Suiss, Goldman Sachs, Barclays, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities served 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.

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

Brigham Minerals' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.30%), Vanguard Group Inc. (4.76%), State Street Corp (3.37%), Horizon Kinetics Asset Management LLC (3.35%), CIBC Private Wealth Group LLC (2.37%) and Nuveen Asset Management LLC (2.02%). Insiders that own company stock include Ben M Brigham, Blake C Williams, Harold D Carter, James R Levy, John R Sult, Kari Arneil Potts, Pbra, Llc, Robert M Roosa, W Howard Keenan Jr, Warburg Pincus & Co Us, Llc and Yorktown X Associates Llc.
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Shares of MNRL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MNRL stock can currently be purchased for approximately $33.58.

Brigham Minerals (NYSE:MNRL) has a market capitalization of $2.03 billion and generates $161.22 million in revenue each year. The company earns $50.28 million in net income (profit) each year or $2.44 on an earnings per share basis.

Brigham Minerals' mailing address is 5914 WEST COURTYARD DRIVE SUITE 150, AUSTIN TX, 78730. The official website for the company is www.brighamminerals.net. The company can be reached via phone at (512) 220-6350 or via email at investorrelations@brighamminerals.net.