Brigham Minerals - MNRL Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MNRL shares.
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5 Wall Street research analysts have issued 12-month price targets for Brigham Minerals' stock. Their MNRL share price forecasts range from $28.00 to $49.00. On average, they predict the company's share price to reach $34.60 in the next twelve months. This suggests a possible upside of 42.4% from the stock's current price.
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Brigham Minerals' stock was trading at $21.09 at the beginning of the year. Since then, MNRL stock has increased by 15.2% and is now trading at $24.29.
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Brigham Minerals saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,730,000 shares, a decline of 13.1% from the August 15th total of 1,990,000 shares. Based on an average daily trading volume, of 595,800 shares, the short-interest ratio is presently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MNRL earnings forecast.

Brigham Minerals, Inc. (NYSE:MNRL) posted its quarterly earnings data on Thursday, August, 4th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. The company had revenue of $90.88 million for the quarter, compared to analysts' expectations of $81.38 million. Brigham Minerals had a trailing twelve-month return on equity of 14.52% and a net margin of 41.17%. Brigham Minerals's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share.

Brigham Minerals declared a None dividend on Thursday, August 4th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.77 per share on Friday, August 26th. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 18th. This is an increase from the stock's previous None dividend of $0.60.
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 2.63%. 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 31.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MNRL will have a dividend payout ratio of 27.59% 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 initial public offering 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 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.

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

Brigham Minerals' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (11.30%), State Street Corp (3.71%), Horizon Kinetics Asset Management LLC (3.71%), CIBC Private Wealth Group LLC (2.27%), Goldman Sachs Group Inc. (1.62%) and Clearbridge Investments LLC (0.91%). 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 $24.29.

Brigham Minerals (NYSE:MNRL) has a market capitalization of $1.47 billion and generates $161.22 million in revenue each year. The company earns $50.28 million in net income (profit) each year or $2.06 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.