Brigham Minerals Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 7 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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Wall Street analysts have given Brigham Minerals a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Brigham Minerals wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Brigham Minerals saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 987,500 shares, a decrease of 25.8% from the June 15th total of 1,330,000 shares. Based on an average trading volume of 307,400 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.3% of the company's shares are short sold.
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Brigham Minerals is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Brigham Minerals.

Brigham Minerals, Inc. (NYSE:MNRL) posted its quarterly earnings results on Thursday, May, 6th. The company reported $0.20 EPS for the quarter, missing the Zacks' consensus estimate of $0.25 by $0.05. The firm earned $33.77 million during the quarter, compared to the consensus estimate of $30.32 million. Brigham Minerals had a positive trailing twelve-month return on equity of 1.72% and a negative net margin of 41.33%.
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. Since then, MNRL shares have increased by 91.5% and is now trading at $19.11.
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Brigham Minerals declared a quarterly dividend on Thursday, May 6th. Investors of record on Friday, May 21st will be paid a dividend of $0.32 per share on Friday, May 28th. This represents a $1.28 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Thursday, May 20th. This is a positive change from Brigham Minerals's previous quarterly dividend of $0.26.
View Brigham Minerals' dividend history.

Brigham Minerals pays an annual dividend of $1.28 per share and currently has a dividend yield of 6.67%. 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 strong track record of dividend growth. The dividend payout ratio of Brigham Minerals is 673.68%. 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 136.17% in the coming year. This indicates that Brigham Minerals may not be able to sustain their current dividend.
View Brigham Minerals' dividend history.

8 analysts have issued 12 month target prices for Brigham Minerals' shares. Their forecasts range from $12.00 to $21.00. On average, they expect Brigham Minerals' share price to reach $16.63 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
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Some companies that are related to Brigham Minerals include Antero Resources (AR), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), Magnolia Oil & Gas (MGY), Southwestern Energy (SWN), Murphy Oil (MUR), Denbury (DEN), ARC Resources (AETUF), Viper Energy Partners (VNOM), CNX Resources (CNX), SM Energy (SM), California Resources (CRC), Black Stone Minerals (BSM) and Crescent Point Energy (CPG).
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 (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 many different institutional and retail investors. Top institutional shareholders include Eagle Global Advisors LLC (0.08%). Company insiders that own Brigham Minerals stock include Ben M Brigham, Blake C Williams, Harold D Carter, James R Levy, John R Sult, Kari Arneil Potts, W Howard Keenan Jr, Warburg Pincus & Co Us, Llc and Yorktown X Associates Llc.
View institutional ownership trends for Brigham Minerals.

MNRL stock was purchased by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC. Company insiders that have bought Brigham Minerals stock in the last two years include Ben M Brigham, Harold D Carter, John R Sult, and Kari Arneil Potts.
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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 $19.11.

Brigham Minerals has a market capitalization of $1.08 billion and generates $91.72 million in revenue each year. The company earns $-57,990,000.00 in net income (profit) each year or $0.19 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]