Brigham Minerals - MNRL Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 4 hold ratings, 1 buy rating 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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6 analysts have issued 12-month target prices for Brigham Minerals' shares. Their MNRL share price forecasts range from $27.00 to $44.00. On average, they expect the company's share price to reach $33.50 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
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Brigham Minerals, Inc. (NYSE:MNRL) announced its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The business earned $41.96 million during the quarter, compared to analysts' expectations of $40.50 million. Brigham Minerals had a trailing twelve-month return on equity of 18.33% and a net margin of 42.07%. During the same period in the prior year, the company posted $0.06 EPS.

Brigham Minerals declared a quarterly dividend on Thursday, November 3rd. Shareholders of record on Friday, November 18th will be given a dividend of $0.16 per share on Friday, November 25th. This represents a $0.64 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, November 17th.
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 1.97%. 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 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MNRL will have a dividend payout ratio of 24.06% 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 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 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.

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

Brigham Minerals' stock is owned by a number of institutional and retail investors. Top institutional investors include Barclays PLC (0.20%), Susquehanna International Group LLP (0.00%), Group One Trading L.P. (0.00%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Ben M Brigham, Blake C Williams, Kari Arneil Potts, Pbra, Llc, Robert M Roosa, W Howard Keenan Jr and Warburg Pincus & Co Us, Llc.
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One share of MNRL stock can currently be purchased for approximately $32.50.

Brigham Minerals (NYSE:MNRL) has a market capitalization of $1.96 billion and generates $161.22 million in revenue each year. The company earns $50.28 million in net income (profit) each year or $2.44 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.