Zacks: Analysts Anticipate Brigham Minerals Inc (NYSE:MNRL) Will Announce Quarterly Sales of $24.79 Million

Brokerages predict that Brigham Minerals Inc (NYSE:MNRL) will announce sales of $24.79 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Brigham Minerals’ earnings, with estimates ranging from $23.10 million to $27.87 million. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Brigham Minerals will report full-year sales of $103.36 million for the current financial year, with estimates ranging from $93.80 million to $119.01 million. For the next year, analysts anticipate that the business will post sales of $141.54 million, with estimates ranging from $113.60 million to $219.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Brigham Minerals.

MNRL has been the topic of a number of recent analyst reports. SunTrust Banks decreased their price objective on shares of Malibu Boats to $48.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Raymond James reiterated a “sell” rating on shares of Inter Pipeline in a report on Tuesday, May 14th. Royal Bank of Canada lifted their price target on shares of NVIDIA to $200.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. UBS Group set a $15.00 target price on shares of Hain Celestial Group and gave the company a “sell” rating in a report on Monday, May 13th. Finally, Wells Fargo & Co decreased their price target on shares of Nevro from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Brigham Minerals has an average rating of “Buy” and a consensus price target of $25.80.



NYSE:MNRL traded up $1.33 during mid-day trading on Friday, reaching $22.34. The stock had a trading volume of 186,465 shares, compared to its average volume of 343,029. The business has a 50-day simple moving average of $20.94. Brigham Minerals has a 12 month low of $18.61 and a 12 month high of $22.46.

In other Brigham Minerals news, insider Ben M. Brigham purchased 111,110 shares of the company’s stock in a transaction that occurred 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 purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Harold D. Carter purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $18.00 per share, for a total transaction of $720,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 206,665 shares of company stock worth $3,719,970.

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

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