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NYSE:MNRL

Brigham Minerals - MNRL Stock Forecast, Price & News

$33.14
-0.44 (-1.31%)
(As of 12/8/2022 02:27 PM ET)
Add
Compare
Today's Range
$32.85
$34.15
50-Day Range
$24.67
$37.03
52-Week Range
$19.37
$37.79
Volume
13,228 shs
Average Volume
481,650 shs
Market Capitalization
$2.00 billion
P/E Ratio
13.58
Dividend Yield
1.91%
Price Target
$33.50

Brigham Minerals MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.7% Upside
$33.50 Price Target
Short Interest
Healthy
2.13% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.81
Upright™ Environmental Score
News Sentiment
0.05mentions of Brigham Minerals in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$223,438 Sold Last Quarter
Proj. Earnings Growth
-11.89%
From $2.86 to $2.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Basic Materials Sector

88th out of 164 stocks

Crude Petroleum & Natural Gas Industry

60th out of 78 stocks

MNRL stock logo

About Brigham Minerals (NYSE:MNRL) Stock

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. As of December 31, 2021, it had mineral and royalty interests in approximately 92,375 net royalty acres; and owned mineral and royalty interests in 8,595 gross productive horizontal wells, which consisted of 7,909 oil wells and 688 natural gas wells. The company was founded in 2012 and is headquartered in Austin, Texas.

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MNRL Stock News Headlines

Brokerages Set Brigham Minerals, Inc. (NYSE:MNRL) PT at $34.60
Brigham Minerals (NYSE:MNRL) Hits New 52-Week High at $37.49
Brigham Minerals (NYSE:MNRL) Sets New 1-Year High at $37.49
MNRL Brigham Minerals, Inc.
5 Analysts Have This to Say About Brigham Minerals
Bull Of The Day: Brigham Minerals (MNRL)
What 4 Analyst Ratings Have To Say About Brigham Minerals
4 Analysts Have This to Say About Brigham Minerals
See More Headlines
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MNRL Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/25 Dividend
11/17/2022
Dividend Payable
11/25/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
44
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$33.50
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$50.28 million
Pretax Margin
63.37%

Debt

Sales & Book Value

Annual Sales
$161.22 million
Cash Flow
$1.44 per share
Book Value
$11.71 per share

Miscellaneous

Free Float
58,077,000
Market Cap
$2.00 billion
Optionable
Not Optionable
Beta
1.88

Key Executives

  • Mr. Robert M. Roosa (Age 52)
    CEO & Director
    Comp: $566.66k
  • Mr. Blake C. WilliamsMr. Blake C. Williams (Age 35)
    Chief Financial Officer
    Comp: $411.1k
  • Ms. Kari A. Potts (Age 47)
    VP, Gen. Counsel, Compliance Officer & Corp. Sec.
    Comp: $360.27k
  • Mr. Ivan Alexandrov Gaidarov (Age 50)
    VP & Chief Accounting Officer
  • Jacob Sexton
    Mang. of Fin. & Investor Relations
  • Mr. A. Dax McDavid (Age 41)
    Sr. VP of Exploration
  • Hamilton W. Hogsett
    Sr. VP of Reservoir Engineering
  • Mr. Kevin J. L'abbé (Age 40)
    VP of Exploration for the Mid-Continent & Rocky Mountain Regions













MNRL Stock - Frequently Asked Questions

Should I buy or sell Brigham Minerals stock right now?

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.

What is Brigham Minerals' stock price forecast for 2023?

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.

How have MNRL shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Brigham Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MNRL earnings forecast
.

How were Brigham Minerals' earnings last quarter?

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.

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

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
.

Is Brigham Minerals a good dividend stock?

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.

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), 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).

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 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.

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 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.
View institutional ownership trends
.

How do I buy shares of Brigham Minerals?

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.
Compare Top Brokerages Here.

What is Brigham Minerals' stock price today?

One share of MNRL stock can currently be purchased for approximately $33.58.

How much money does Brigham Minerals make?

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.

How can I contact Brigham Minerals?

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.

This page (NYSE:MNRL) was last updated on 12/8/2022 by MarketBeat.com Staff