Analysts Expect Brigham Minerals Inc (NYSE:MNRL) Will Post Earnings of $0.20 Per Share

Wall Street analysts expect that Brigham Minerals Inc (NYSE:MNRL) will post earnings of $0.20 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Brigham Minerals’ earnings, with estimates ranging from $0.18 to $0.23. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, August 8th.

According to Zacks, analysts expect that Brigham Minerals will report full-year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.66 to $0.99. For the next financial year, analysts forecast that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $0.96 to $2.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Brigham Minerals.

A number of analysts have commented on MNRL shares. Raymond James started coverage on shares of Brigham Minerals in a report on Tuesday, May 14th. They issued a “strong-buy” rating and a $29.00 price objective for the company. SunTrust Banks started coverage on shares of Brigham Minerals in a report on Monday, June 17th. They issued a “buy” rating and a $28.00 price objective for the company. Barclays started coverage on shares of Brigham Minerals in a report on Monday, May 13th. They issued an “overweight” rating and a $27.00 price objective for the company. Goldman Sachs Group initiated coverage on shares of Brigham Minerals in a report on Monday, May 13th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Seaport Global Securities restated a “buy” rating on shares of Brigham Minerals in a report on Friday, June 21st. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.80.

MNRL stock traded down $0.81 during mid-day trading on Friday, reaching $19.80. The company’s stock had a trading volume of 191 shares, compared to its average volume of 102,532. Brigham Minerals has a fifty-two week low of $18.61 and a fifty-two week high of $22.96. The company’s 50 day moving average price is $21.02.

A hedge fund recently bought a new stake in Brigham Minerals stock. Balter Liquid Alternatives LLC purchased a new position in shares of Brigham Minerals Inc (NYSE:MNRL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,197 shares of the company’s stock, valued at approximately $820,000. Balter Liquid Alternatives LLC owned about 0.08% of Brigham Minerals at the end of the most recent reporting period.

About Brigham Minerals

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.

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Earnings History and Estimates for Brigham Minerals (NYSE:MNRL)

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