Brigham Minerals Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Brigham Minerals stock.
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Brigham Minerals saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,470,000 shares, an increase of 37.4% from the March 15th total of 1,070,000 shares. Based on an average daily trading volume, of 532,800 shares, the short-interest ratio is presently 2.8 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) released its earnings results on Thursday, February, 25th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.93. The company earned $23.76 million during the quarter, compared to analysts' expectations of $25.15 million. Brigham Minerals had a positive trailing twelve-month return on equity of 1.70% and a negative net margin of 3.67%.
View Brigham Minerals' earnings history.

Brigham Minerals' stock was trading at $9.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MNRL shares have increased by 61.5% and is now trading at $16.12.
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Brigham Minerals announced a quarterly dividend on Wednesday, February 24th. Investors 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 6.45%. The ex-dividend date of this dividend 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 6.40%. 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 brokers have issued 12 month price targets for Brigham Minerals' stock. Their forecasts range from $12.00 to $18.00. On average, they expect Brigham Minerals' share price to reach $15.11 in the next year. This suggests that the stock has a possible downside of 6.3%.
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Some companies that are related to Brigham Minerals include PDC Energy (PDCE), CNX Resources (CNX), Matador Resources (MTDR), Southwestern Energy (SWN), Antero Resources (AR), Magnolia Oil & Gas (MGY), 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 $16.12.

Brigham Minerals has a market capitalization of $914.42 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]