Brigham Minerals Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Brigham Minerals stock.
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Brigham Minerals saw a decrease in short interest during the month of February. As of February 26th, there was short interest totaling 1,390,000 shares, a decrease of 35.3% from the February 11th total of 2,150,000 shares. Based on an average daily volume of 559,300 shares, the days-to-cover ratio is currently 2.5 days.
View Brigham Minerals' Short Interest.

Brigham Minerals is scheduled to release its next quarterly earnings announcement on Wednesday, May 12th 2021.
View our earnings forecast for Brigham Minerals.

Brigham Minerals, Inc. (NYSE:MNRL) announced its earnings results on Thursday, February, 25th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.93. The company had revenue of $23.76 million for the quarter, compared to analysts' expectations of $25.15 million. Brigham Minerals had a negative net margin of 3.67% and a positive trailing twelve-month return on equity of 1.70%.
View Brigham Minerals' earnings history.

Brigham Minerals' stock was trading at $9.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MNRL shares have increased by 54.7% and is now trading at $15.44.
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Brigham Minerals announced a quarterly dividend on Wednesday, February 24th. Shareholders of record on Friday, March 19th will be paid a dividend of $0.26 per share on Friday, March 26th. This represents a $1.04 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Thursday, March 18th. This is an increase from Brigham Minerals's previous quarterly dividend of $0.24.
View Brigham Minerals' dividend history.

Brigham Minerals pays an annual dividend of $1.04 per share and currently has a dividend yield of 6.81%. MNRL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Brigham Minerals does not yet have a strock track record of dividend growth. The dividend payout ratio of Brigham Minerals is 182.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Brigham Minerals will have a dividend payout ratio of 212.24% in the coming year. This indicates that Brigham Minerals may not be able to sustain their current dividend.
View Brigham Minerals' dividend history.

9 Wall Street analysts have issued 12-month price objectives for Brigham Minerals' stock. Their forecasts range from $12.00 to $18.00. On average, they anticipate Brigham Minerals' share price to reach $15.11 in the next year. This suggests that the stock has a possible downside of 2.1%.
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Some companies that are related to Brigham Minerals include PDC Energy (PDCE), CNX Resources (CNX), Magnolia Oil & Gas (MGY), Antero Resources (AR), Southwestern Energy (SWN), Matador Resources (MTDR), Murphy Oil (MUR), Viper Energy Partners (VNOM), Range Resources (RRC), Crescent Point Energy (CPG), ARC Resources (AETUF), Black Stone Minerals (BSM), SM Energy (SM), Callon Petroleum (CPE) and Enerplus (ERF).
View all of MNRL's competitors.

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), Brookfield Property Partners (BPY), 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."

Shares of MNRL 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 $15.44.

Brigham Minerals has a market capitalization of $875.85 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 43 workers across the globe.

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

Brigham Minerals is headquartered at 5914 WEST COURTYARD DRIVE SUITE 150, AUSTIN TX, 78730.

Brigham Minerals' mailing address is 5914 WEST COURTYARD DRIVE SUITE 150, AUSTIN TX, 78730. The company can be reached via phone at 512-220-6350 or via email at [email protected]