Brigham Minerals (NYSE:MNRL) Now Covered by Tudor Pickering

Equities research analysts at Tudor Pickering initiated coverage on shares of Brigham Minerals (NYSE:MNRL) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

Several other research firms have also issued reports on MNRL. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 price target on shares of Brigham Minerals in a research report on Monday. Zacks Investment Research cut shares of Brigham Minerals from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 9th. KeyCorp initiated coverage on shares of Brigham Minerals in a report on Wednesday. They issued an “overweight” rating and a $22.00 price objective for the company. Wells Fargo & Co reduced their price objective on shares of Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Finally, Capital One Financial assumed coverage on shares of Brigham Minerals in a report on Friday, October 18th. They set an “overweight” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.85.

MNRL stock opened at $19.35 on Wednesday. The stock has a fifty day moving average of $19.58 and a 200-day moving average of $19.97. Brigham Minerals has a fifty-two week low of $17.51 and a fifty-two week high of $23.29. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 0.76.

Brigham Minerals (NYSE:MNRL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.05). The company had revenue of $25.11 million during the quarter, compared to analyst estimates of $25.50 million. Analysts anticipate that Brigham Minerals will post 0.59 earnings per share for the current fiscal year.

In other news, major shareholder Yorktown X. Associates Llc sold 802,324 shares of Brigham Minerals stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $17.38, for a total transaction of $13,944,391.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Levy sold 2,955,810 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $17.38, for a total value of $51,371,977.80. The disclosure for this sale can be found here.

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new position in shares of Brigham Minerals in the 4th quarter worth $217,000. Peregrine Capital Management LLC purchased a new position in Brigham Minerals in the fourth quarter worth $6,217,000. JHL Capital Group LLC increased its stake in Brigham Minerals by 100.0% in the third quarter. JHL Capital Group LLC now owns 300,000 shares of the company’s stock valued at $5,970,000 after acquiring an additional 150,000 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in Brigham Minerals in the third quarter valued at $141,000. Finally, Millennium Management LLC increased its stake in Brigham Minerals by 1,819.3% in the third quarter. Millennium Management LLC now owns 345,478 shares of the company’s stock valued at $6,875,000 after acquiring an additional 327,478 shares during the last quarter. Institutional investors and hedge funds own 43.22% of the company’s stock.

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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Analyst Recommendations for Brigham Minerals (NYSE:MNRL)

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