Brigham Minerals Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brigham Minerals in the last twelve months. There are currently 1 hold rating, 2 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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4 brokerages have issued 12-month price targets for Brigham Minerals' stock. Their MNRL stock forecasts range from $28.00 to $44.00. On average, they anticipate Brigham Minerals' share price to reach $34.40 in the next year. This suggests a possible upside of 35.4% from the stock's current price.
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Brigham Minerals' stock was trading at $21.09 at the beginning of the year. Since then, MNRL shares have increased by 20.5% and is now trading at $25.41.
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Brigham Minerals saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,400,000 shares, an increase of 18.6% from the May 31st total of 1,180,000 shares. Based on an average trading volume of 639,400 shares, the short-interest ratio is presently 2.2 days.
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Brigham Minerals is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Brigham Minerals, Inc. (NYSE:MNRL) issued its earnings results on Wednesday, May, 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.16. The company had revenue of $71.43 million for the quarter, compared to analyst estimates of $55.22 million. Brigham Minerals had a trailing twelve-month return on equity of 10.56% and a net margin of 36.54%.
View Brigham Minerals' earnings history.

Brigham Minerals announced a None dividend on Wednesday, May 4th. Stockholders of record on Friday, May 20th will be given a dividend of $0.60 per share on Friday, May 27th. This represents a yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 19th. This is a positive change from Brigham Minerals's previous None dividend of $0.14.
View Brigham Minerals' dividend history.

Brigham Minerals(NYSE:MNRL) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.52%. Brigham Minerals 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 of Brigham Minerals is 41.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Brigham Minerals will have a dividend payout ratio of 27.00% next year. This indicates that Brigham Minerals will be able to sustain or increase its dividend.
View Brigham Minerals' dividend history.

Some companies that are related to Brigham Minerals include PDC Energy (PDCE), Matador Resources (MTDR), Murphy Oil (MUR), Magnolia Oil & Gas (MGY), Viper Energy Partners (VNOM), SM Energy (SM), Crescent Point Energy (CPG), Enerplus (ERF), CNX Resources (CNX), Vermilion Energy (VET), Enerplus (ERF), Denbury (DEN), California Resources (CRC), Black Stone Minerals (BSM) and Comstock Resources (CRK).
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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 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.

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

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 $25.41.

Brigham Minerals (NYSE:MNRL) has a market capitalization of $1.54 billion and generates $161.22 million in revenue each year. The company earns $50.28 million in net income (profit) each year or $1.529990 on an earnings per share basis.

Brigham Minerals employs 44 workers across the globe.

Brigham Minerals' mailing address is 5914 WEST COURTYARD DRIVE SUITE 150, AUSTIN TX, 78730. The official website for Brigham Minerals is www.brighamminerals.net. The company can be reached via phone at (512) 220-6350 or via email at investorrelations@brighamminerals.net.