Brigham Minerals - MNRL Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MNRL shares.
View MNRL analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 12 month target prices for Brigham Minerals' shares. Their MNRL share price forecasts range from $28.00 to $49.00. On average, they anticipate the company's share price to reach $34.60 in the next year. This suggests a possible upside of 35.5% from the stock's current price.
View analysts price targets for MNRL or view top-rated stocks among Wall Street analysts.

Brigham Minerals' stock was trading at $21.09 on January 1st, 2022. Since then, MNRL stock has increased by 21.1% and is now trading at $25.54.
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Brigham Minerals saw a decline in short interest in September. As of September 15th, there was short interest totaling 1,420,000 shares, a decline of 17.9% from the August 31st total of 1,730,000 shares. Based on an average daily trading volume, of 519,000 shares, the days-to-cover ratio is presently 2.7 days.
View Brigham Minerals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MNRL earnings forecast.

Brigham Minerals, Inc. (NYSE:MNRL) released its earnings results on Thursday, August, 4th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. The business had revenue of $90.88 million for the quarter, compared to analysts' expectations of $81.38 million. Brigham Minerals had a trailing twelve-month return on equity of 14.52% and a net margin of 41.17%. The company's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS.

Brigham Minerals declared a None dividend on Thursday, August 4th. Stockholders of record on Friday, August 19th will be given a dividend of $0.77 per share on Friday, August 26th. This represents a yield of 2.2%. The ex-dividend date is Thursday, August 18th. This is a boost from the stock's previous None dividend of $0.60.
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 2.59%. 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 31.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MNRL will have a dividend payout ratio of 27.59% 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 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 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."

Shares of MNRL stock 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 $25.54.

Brigham Minerals (NYSE:MNRL) has a market capitalization of $1.55 billion and generates $161.22 million in revenue each year. The company earns $50.28 million in net income (profit) each year or $2.06 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.