Analysts predict that Brigham Minerals Inc (NYSE:MNRL) will announce earnings of $0.16 per share for the current quarter, according to Zacks. Four analysts have made estimates for Brigham Minerals’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.12. The business is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Brigham Minerals will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.78 to $1.18. For the next financial year, analysts expect that the business will report earnings of $1.70 per share, with EPS estimates ranging from $0.96 to $2.68. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Brigham Minerals.
A number of analysts have recently weighed in on the stock. Raymond James assumed coverage on shares of Brigham Minerals in a research note on Tuesday, May 14th. They issued a “strong-buy” rating and a $29.00 price objective on the stock. Seaport Global Securities began coverage on shares of Brigham Minerals in a report on Tuesday, May 14th. They set a “buy” rating and a $25.00 price target on the stock. UBS Group began coverage on shares of Brigham Minerals in a report on Monday, May 13th. They set a “buy” rating and a $25.00 price target on the stock. Goldman Sachs Group began coverage on shares of Brigham Minerals in a report on Monday, May 13th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of Brigham Minerals in a report on Monday, May 13th. They set an “outperform” rating and a $24.00 price target on the stock. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.56.
In related news, Director Harold D. Carter acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of $18.00 per share, with a total value of $720,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben M. Brigham acquired 111,110 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were bought at an average cost of $18.00 per share, for a total transaction of $1,999,980.00. The disclosure for this purchase can be found here. Insiders have purchased 206,665 shares of company stock worth $3,719,970 over the last three months.
Brigham Minerals Company Profile
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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