Brigham Minerals (NYSE:MNRL) Issues Quarterly Earnings Results

Brigham Minerals (NYSE:MNRL) posted its earnings results on Thursday. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05), Fidelity Earnings reports. The business had revenue of $25.11 million for the quarter, compared to the consensus estimate of $25.50 million.

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Shares of NYSE MNRL traded up $1.30 during trading hours on Friday, hitting $19.70. 665,559 shares of the stock were exchanged, compared to its average volume of 214,971. The business’s 50 day moving average is $19.87. Brigham Minerals has a one year low of $18.10 and a one year high of $23.29.

Several analysts have commented on the stock. Capital One Financial assumed coverage on shares of Brigham Minerals in a research report on Friday, October 18th. They issued an “overweight” rating and a $23.00 target price for the company. Wells Fargo & Co decreased their target price on shares of Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Finally, Zacks Investment Research raised shares of Brigham Minerals from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $25.08.

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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