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Brigham Minerals - MNRL Stock Forecast, Price & News

$28.20
-0.72 (-2.49%)
(As of 08/16/2022 03:57 PM ET)
Add
Compare
Today's Range
$28.06
$29.32
50-Day Range
$23.13
$33.14
52-Week Range
$16.51
$33.64
Volume
19,689 shs
Average Volume
507,379 shs
Market Capitalization
$1.71 billion
P/E Ratio
13.69
Dividend Yield
2.19%
Price Target
$34.20

Brigham Minerals MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.5% Upside
$34.20 Price Target
Short Interest
Healthy
3.19% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.02
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$24.65 M Sold Last Quarter
Proj. Earnings Growth
-23.44%
From $2.56 to $1.96 Per Share

Overall MarketRank

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

1.96 out of 5 stars

Basic Materials Sector

126th out of 170 stocks

Crude Petroleum & Natural Gas Industry

68th out of 81 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.

Analyst Upgrades and Downgrades

MNRL has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on Brigham Minerals from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, May 23rd. Barclays increased their price target on Brigham Minerals from $29.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 14th. Raymond James increased their price target on Brigham Minerals from $41.00 to $44.00 in a report on Tuesday, May 24th. TheStreet upgraded Brigham Minerals from a "c+" rating to a "b" rating in a report on Monday, April 18th. Finally, Piper Sandler decreased their price objective on shares of Brigham Minerals from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $34.20.

Brigham Minerals Stock Performance

NYSE:MNRL opened at $28.92 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.05 and a quick ratio of 5.05. The firm has a 50-day moving average of $26.50 and a two-hundred day moving average of $25.89. The stock has a market cap of $1.75 billion, a P/E ratio of 14.04 and a beta of 1.90. Brigham Minerals has a 1-year low of $16.51 and a 1-year high of $33.64.

Brigham Minerals (NYSE:MNRL - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.08. Brigham Minerals had a net margin of 41.17% and a return on equity of 14.52%. The company had revenue of $90.88 million during the quarter, compared to analysts' expectations of $81.38 million. During the same period in the prior year, the company posted $0.25 EPS. The firm's revenue for the quarter was up 27.2% on a year-over-year basis. On average, research analysts expect that Brigham Minerals will post 2.56 earnings per share for the current fiscal year.

Brigham Minerals Increases Dividend

The business also recently declared a None dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 19th will be given a dividend of $0.77 per share. This is a boost from Brigham Minerals's previous None dividend of $0.60. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 2.2%. Brigham Minerals's dividend payout ratio (DPR) is presently 31.07%.

Insider Transactions at Brigham Minerals

In other news, Director Pbra, Llc sold 389,626 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $29.37, for a total transaction of $11,443,315.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Robert M. Roosa sold 6,250 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $31.94, for a total transaction of $199,625.00. Following the sale, the chief executive officer now owns 406,965 shares in the company, valued at $12,998,462.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pbra, Llc sold 389,626 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $29.37, for a total transaction of $11,443,315.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 826,002 shares of company stock valued at $24,653,275. Insiders own 3.92% of the company's stock.

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MNRL Stock News Headlines

5X Potential Growth By 2030? Is This Little-Known Market About To Explode?
It's used for our BELOVED Air Force's fighter jets, cell phones, and wind turbines. And soon, you're going to hear about it everywhere... because according to renowned intelligence reports...
Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
Brigham Minerals (MNRL) to Release Earnings on Thursday
Brigham Minerals Inc Stock Quote MNRL
See More Headlines
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MNRL Company Calendar

Ex-Dividend for 5/27 Dividend
5/19/2022
Dividend Payable
5/27/2022
Last Earnings
8/04/2022
Today
8/16/2022
Ex-Dividend for 8/26 Dividend
8/18/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$34.20
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+21.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$50.28 million
Pretax Margin
63.31%

Debt

Sales & Book Value

Annual Sales
$161.22 million
Cash Flow
$1.41 per share
Book Value
$11.71 per share

Miscellaneous

Free Float
58,150,000
Market Cap
$1.71 billion
Optionable
Not Optionable
Beta
1.90

Key Executives

  • Mr. Robert M. Roosa (Age 52)
    CEO & Director
    Comp: $566.66k
  • Mr. Blake C. Williams (Age 35)
    Chief Financial Officer
    Comp: $411.1k
  • Ms. Kari A. Potts (Age 46)
    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?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last twelve months. There are currently 1 hold rating, 3 buy ratings 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 2022?

5 equities research analysts have issued twelve-month price objectives for Brigham Minerals' stock. Their MNRL share price forecasts range from $28.00 to $44.00. On average, they expect the company's stock price to reach $34.20 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
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 at the start of the year. Since then, MNRL stock has increased by 37.1% and is now trading at $28.92.
View the best growth stocks for 2022 here
.

Are investors shorting Brigham Minerals?

Brigham Minerals saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,940,000 shares, an increase of 38.6% from the June 15th total of 1,400,000 shares. Based on an average trading volume of 630,300 shares, the days-to-cover ratio is presently 3.1 days.
View Brigham Minerals' Short Interest
.

When is Brigham Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MNRL earnings forecast
.

How were Brigham Minerals' earnings last quarter?

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, topping the consensus estimate of $0.70 by $0.08. The business earned $90.88 million during 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%. The firm's revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS.

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

Brigham Minerals announced a None dividend on Thursday, August 4th. Shareholders of record on Friday, August 19th will be given a dividend of $0.77 per share on Friday, August 26th. This represents a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 18th. This is a boost from the stock's previous None dividend of $0.60.
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 2.19%. 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 32.65% 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 initial public offering 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 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 variety of retail and institutional 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%), Clearbridge Investments LLC (0.91%) and Northern Trust Corp (0.81%). 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 $28.92.

How much money does Brigham Minerals make?

Brigham Minerals (NYSE:MNRL) has a market capitalization of $1.75 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.

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 8/16/2022 by MarketBeat.com Staff

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