NYSE:MNRLBrigham Minerals Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Brigham Minerals Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $12.38 +0.31 (+2.57 %) (As of 08/14/2020 04:00 PM ET) Add Compare Share Today's Range$11.90Now: $12.38▼$12.6950-Day Range$11.02MA: $11.85▼$12.8252-Week Range$5.86Now: $12.38▼$23.29Volume502,221 shsAverage Volume500,126 shsMarket Capitalization$704.16 millionP/E Ratio35.37Dividend Yield12.26%Beta2.52 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial Media 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 Permian Basin in West Texas and New Mexico; the SCOOP/STACK 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, 2018, it had mineral and royalty interests in approximately 48,100 net mineral acres; and owned mineral and royalty interests in 3,355 gross productive horizontal wells, which consisted of 3,064 oil wells and 291 natural gas wells. The company also had proved undeveloped reserves of 6,923 thousand barrels of oil; 30,062 million cubic feet of natural gas; and 3,220 million barrels of natural gas liquids for a total of 15,153 thousand barrels of oil equivalent. Brigham Minerals, Inc. was founded in 2012 and is based in Austin, Texas.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingBrigham Minerals has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.38, Brigham Minerals has a potential upside of 16.1% from its current price of $12.38.Amount of Analyst CoverageBrigham Minerals has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.7 Community Rank Outperform VotesBrigham Minerals has received 56 “outperform” votes. (Add your “outperform” vote.)Underperform VotesBrigham Minerals has received 46 “underperform” votes. (Add your “underperform” vote.)Community SentimentBrigham Minerals has received 54.90% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Brigham Minerals and other stocks. Vote “Outperform” if you believe MNRL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MNRL will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipBrigham Minerals is a leading dividend payer. It pays a dividend yield of 12.26%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthBrigham Minerals does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Brigham Minerals is 259.65%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Brigham Minerals will have a dividend payout ratio of 352.38% in the coming year. This indicates that Brigham Minerals may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Brigham Minerals insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $59,588,120.00 in company stock.Percentage Held by InsidersOnly 3.35% of the stock of Brigham Minerals is held by insiders.Percentage Held by Institutions68.58% of the stock of Brigham Minerals is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Brigham Minerals are expected to grow by 82.61% in the coming year, from $0.23 to $0.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Brigham Minerals is 35.37, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Brigham Minerals is 35.37, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 27.76.Price to Book Value per Share RatioBrigham Minerals has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.13 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorBasic Materials Current SymbolNYSE:MNRL Previous Symbol CUSIPN/A CIKN/A Webwww.brighamminerals.net Phone512-220-6350Debt Debt-to-Equity RatioN/A Current Ratio7.27 Quick Ratio7.27Price-To-Earnings Trailing P/E Ratio35.37 Forward P/E Ratio53.83 P/E GrowthN/A Sales & Book Value Annual Sales$101.51 million Price / Sales6.94 Cash Flow$0.79 per share Price / Cash Flow15.68 Book Value$5.58 per share Price / Book2.22Profitability EPS (Most Recent Fiscal Year)$0.57 Net Income$21.64 million Net Margins9.58% Return on Equity6.98% Return on Assets2.26%Miscellaneous Employees30 Outstanding Shares56,879,000Market Cap$704.16 million Next Earnings Date11/5/2020 (Estimated) OptionableNot Optionable $12.38 +0.31 (+2.57 %) (As of 08/14/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MNRL News and Ratings via Email Sign-up to receive the latest news and ratings for MNRL and its competitors with MarketBeat's FREE daily newsletter. Brigham Minerals (NYSE:MNRL) Frequently Asked Questions How has Brigham Minerals' stock been impacted by Coronavirus? Brigham Minerals' stock was trading at $9.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MNRL shares have increased by 24.0% and is now trading at $12.38. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Brigham Minerals? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Brigham Minerals. When is Brigham Minerals' next earnings date? Brigham Minerals is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020. View our earnings forecast for Brigham Minerals. How were Brigham Minerals' earnings last quarter? Brigham Minerals Inc (NYSE:MNRL) announced its quarterly earnings data on Wednesday, August, 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.07. Brigham Minerals had a return on equity of 6.98% and a net margin of 9.58%. View Brigham Minerals' earnings history. How often does Brigham Minerals pay dividends? What is the dividend yield for Brigham Minerals? Brigham Minerals declared a quarterly dividend on Wednesday, August 12th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.14 per share on Thursday, September 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Wednesday, August 26th. View Brigham Minerals' dividend history. What price target have analysts set for MNRL? 10 brokerages have issued 1-year price targets for Brigham Minerals' stock. Their forecasts range from $11.00 to $18.00. On average, they expect Brigham Minerals' stock price to reach $14.38 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View analysts' price targets for Brigham Minerals. Has Brigham Minerals been receiving favorable news coverage? Media headlines about MNRL stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Brigham Minerals earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Brigham Minerals. Are investors shorting Brigham Minerals? Brigham Minerals saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 737,500 shares, a drop of 51.5% from the May 31st total of 1,520,000 shares. Based on an average daily trading volume, of 543,100 shares, the days-to-cover ratio is presently 1.4 days. View Brigham Minerals' Short Interest. Who are some of Brigham Minerals' key competitors? Some companies that are related to Brigham Minerals include Murphy Oil (MUR), Range Resources (RRC), CNX Resources (CNX), ARC Resources (AETUF), Magnolia Oil & Gas (MGY), Viper Energy Partners (VNOM), Southwestern Energy (SWN), PDC Energy (PDCE), Black Stone Minerals (BSM), Comstock Resources (CRK), Matador Resources (MTDR), Antero Resources (AR), Crescent Point Energy (CPG), Enerplus (ERF) and Vermilion Energy (VET). View all competitors. 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), AT&T (T), Brookfield Property Partners (BPY), Golar LNG Partners (GMLP), Enterprise Products Partners (EPD), AbbVie (ABBV), Occidental Petroleum (OXY) and Stag Industrial (STAG). Who are Brigham Minerals' key executives? Brigham Minerals' management team includes the following people: Mr. Ben M. Brigham II, Exec. Chairman (Age 59)Mr. Robert M. Roosa, Pres, CEO & Director (Age 49)Mr. Blake C. Williams, Chief Financial Officer (Age 32) When did Brigham Minerals IPO? (MNRL) raised $223 million in an initial public offering (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 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. 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (6.92%), Goldman Sachs Group Inc. (3.61%), Russell Investments Group Ltd. (3.55%), Vanguard Group Inc. (3.19%), Alyeska Investment Group L.P. (1.40%) and Encompass Capital Advisors LLC (1.32%). Company insiders that own Brigham Minerals stock include Ben M Brigham, Blake C Williams, Harold D Carter, James R Levy, John R Sult, Robert M Roosa, Warburg Pincus & Co Us, Llc and Yorktown X Associates Llc. View institutional ownership trends for Brigham Minerals. Which institutional investors are selling Brigham Minerals stock? MNRL stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Encompass Capital Advisors LLC, Sentry Investment Management LLC, and PDT Partners LLC. Company insiders that have sold Brigham Minerals company stock in the last year include James R Levy, Warburg Pincus & Co Us, Llc, and Yorktown X Associates Llc. View insider buying and selling activity for Brigham Minerals. Which institutional investors are buying Brigham Minerals stock? MNRL stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Alyeska Investment Group L.P., HITE Hedge Asset Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Marshall Wace North America L.P., Bank of America Corp DE, and Russell Investments Group Ltd.. Company insiders that have bought Brigham Minerals stock in the last two years include Ben M Brigham, Blake C Williams, Harold D Carter, John R Sult, and Robert M Roosa. View insider buying and selling activity for Brigham Minerals. How do I buy shares of Brigham Minerals? Shares of MNRL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Brigham Minerals' stock price today? One share of MNRL stock can currently be purchased for approximately $12.38. How big of a company is Brigham Minerals? Brigham Minerals has a market capitalization of $704.16 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 30 workers across the globe. What is Brigham Minerals' official website? The official website for Brigham Minerals is www.brighamminerals.net. How can I contact Brigham Minerals? Brigham Minerals' mailing address is 5914 W. COURTYARD DRIVE SUITE 100, AUSTIN TX, 78730. The company can be reached via phone at 512-220-6350 or via email at [email protected] This page was last updated on 8/14/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
