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NYSE:MNRLBrigham Minerals Stock Price, Forecast & News

$13.21
-0.55 (-4.00 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$13.12
Now: $13.21
$14.24
50-Day Range
$9.15
MA: $11.77
$13.76
52-Week Range
$5.86
Now: $13.21
$23.29
Volume437,612 shs
Average Volume512,828 shs
Market Capitalization$751.48 million
P/E Ratio37.74
Dividend Yield10.76%
BetaN/A
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.92 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorBasic Materials
CUSIPN/A
CIKN/A
Phone512-220-6350

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$101.51 million
Cash Flow$0.78 per share
Book Value$9.13 per share

Profitability

Net Income$21.64 million

Miscellaneous

Employees30
Market Cap$751.48 million
Next Earnings Date8/13/2020 (Estimated)
OptionableNot Optionable

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Brigham Minerals (NYSE:MNRL) Frequently Asked Questions

How has Brigham Minerals' stock been impacted by COVID-19 (Coronavirus)?

Brigham Minerals' stock was trading at $9.98 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MNRL shares have increased by 32.4% and is now trading at $13.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Brigham Minerals?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 3 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, August 13th 2020. View our earnings forecast for Brigham Minerals.

How were Brigham Minerals' earnings last quarter?

Brigham Minerals Inc (NYSE:MNRL) issued its earnings results on Wednesday, May, 13th. The company reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.14. The business earned $32.28 million during the quarter, compared to analysts' expectations of $29.82 million. Brigham Minerals had a net margin of 9.58% and a return on equity of 6.98%. View Brigham Minerals' earnings history.

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

Brigham Minerals announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.37 per share on Wednesday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date is Tuesday, May 26th. View Brigham Minerals' dividend history.

What price target have analysts set for MNRL?

11 analysts have issued 1-year price objectives for Brigham Minerals' shares. Their forecasts range from $11.00 to $28.00. On average, they expect Brigham Minerals' stock price to reach $17.63 in the next year. This suggests a possible upside of 33.4% 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 extremely negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Brigham Minerals earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutBrigham Minerals.

Who are some of Brigham Minerals' key 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), AT&T (T), Golar LNG Partners (GMLP), Pembina Pipeline (PBA), Enterprise Products Partners (EPD), Pfizer (PFE), AbbVie (ABBV), Occidental Petroleum (OXY), TELUS (TU) and Brookfield Infrastructure Partners (BIP).

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 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.97%), Wellington Management Group LLP (3.38%), Russell Investments Group Ltd. (3.24%), Oxbow Advisors LLC (2.87%), Nuveen Asset Management LLC (2.35%) and Clearbridge Investments LLC (1.37%). 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 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 Portolan Capital Management LLC, William Blair Investment Management LLC, Wellington Management Group LLP, King Luther Capital Management Corp, Morgan Stanley, First Trust Advisors LP, Commonwealth Equity Services LLC, and Clearbridge Investments LLC. Company insiders that have sold Brigham Minerals company stock in the last year include James R Levy, 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 acquired by a variety of institutional investors in the last quarter, including Oxbow Advisors LLC, BlackRock Inc., Russell Investments Group Ltd., Deprince Race & Zollo Inc., Aviva PLC, Fuller & Thaler Asset Management Inc., State Street Corp, and Nuveen Asset Management LLC. 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 $13.21.

How big of a company is Brigham Minerals?

Brigham Minerals has a market capitalization of $751.48 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 5/29/2020 by MarketBeat.com Staff

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