Brigham Minerals, Inc. (NYSE:MNRL) Expected to Announce Earnings of $0.27 Per Share

Brokerages expect Brigham Minerals, Inc. (NYSE:MNRL) to post earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Brigham Minerals’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.35. Brigham Minerals reported earnings per share of $0.06 during the same quarter last year, which indicates a positive year over year growth rate of 350%. The firm is scheduled to announce its next earnings results on Thursday, November 4th.

On average, analysts expect that Brigham Minerals will report full-year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.35. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $0.70 to $1.37. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Brigham Minerals.

Brigham Minerals (NYSE:MNRL) last released its quarterly earnings results on Wednesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Brigham Minerals had a positive return on equity of 4.17% and a negative net margin of 19.66%.

MNRL has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Brigham Minerals from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, June 3rd. KeyCorp raised their price objective on Brigham Minerals from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, June 16th. Raymond James reaffirmed a “strong-buy” rating and issued a $19.31 price target (down from $23.00) on shares of Brigham Minerals in a research note on Tuesday, July 27th. Wells Fargo & Company cut Brigham Minerals from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $22.00 to $19.00 in a research note on Friday, September 3rd. Finally, Zacks Investment Research cut Brigham Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 26th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to, the stock has an average rating of “Buy” and an average target price of $18.15.

In other news, Director W Howard Keenan, Jr. sold 107,954 shares of the firm’s stock in a transaction on Monday, June 21st. The stock was sold at an average price of $20.84, for a total transaction of $2,249,761.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new stake in Brigham Minerals in the second quarter worth about $59,000. Yaupon Capital Management LP acquired a new stake in shares of Brigham Minerals during the first quarter worth about $47,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Brigham Minerals by 10,374.3% during the first quarter. Rockefeller Capital Management L.P. now owns 7,332 shares of the company’s stock worth $107,000 after purchasing an additional 7,262 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in shares of Brigham Minerals during the second quarter worth about $224,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Brigham Minerals during the second quarter worth about $249,000. 68.14% of the stock is currently owned by institutional investors.

Shares of NYSE:MNRL traded up $0.13 during mid-day trading on Friday, reaching $19.50. The company had a trading volume of 2,541 shares, compared to its average volume of 369,169. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -29.35 and a beta of 2.36. The company’s 50-day moving average price is $19.02 and its 200-day moving average price is $18.05. Brigham Minerals has a one year low of $8.26 and a one year high of $21.94.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 20th were paid a $0.35 dividend. This is a positive change from Brigham Minerals’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 7.18%. Brigham Minerals’s dividend payout ratio (DPR) is presently 736.84%.

About Brigham Minerals

Brigham Minerals, Inc engages in the acquisition and managing a a portfolio of mineral and royalty interests. Its portfolio include basins in the United States, which comprises Permian Basin in Texas and New Mexico; the SCOOP and STACK plays in the Anadarko Basin of Oklahoma; the DJ Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

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