Raymond James Initiates Coverage on Brigham Minerals (MNRL)

Raymond James initiated coverage on shares of Brigham Minerals (NYSE:MNRL) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a strong-buy rating and a $29.00 price target on the stock.

Several other analysts also recently commented on MNRL. Barclays initiated coverage on shares of Brigham Minerals in a research report on Monday. They set an overweight rating and a $27.00 price objective for the company. Piper Jaffray Companies initiated coverage on shares of Brigham Minerals in a research report on Monday. They set an overweight rating and a $25.00 price objective for the company. Wells Fargo & Co initiated coverage on shares of Brigham Minerals in a research report on Monday. They set an outperform rating and a $24.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Brigham Minerals in a research report on Monday. They set an outperform rating and a $25.00 price objective for the company. Finally, Credit Suisse Group initiated coverage on shares of Brigham Minerals in a research report on Monday. They set an outperform rating and a $24.00 price objective for the company. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $25.56.

Shares of MNRL stock traded up $0.98 during trading hours on Tuesday, hitting $20.92. 426,552 shares of the company were exchanged, compared to its average volume of 674,944. Brigham Minerals has a fifty-two week low of $18.61 and a fifty-two week high of $21.74.



In other Brigham Minerals news, CEO Robert M. Roosa purchased 36,111 shares of Brigham Minerals stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average price of $18.00 per share, with a total value of $649,998.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Harold D. Carter purchased 40,000 shares of Brigham Minerals stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average cost of $18.00 per share, with a total value of $720,000.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 206,665 shares of company stock valued at $3,719,970.

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.

Read More: Special Dividends

Analyst Recommendations for Brigham Minerals (NYSE:MNRL)

Receive News & Ratings for Brigham Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brigham Minerals and related companies with MarketBeat.com's FREE daily email newsletter.