Brigham Minerals (NYSE:MNRL) Releases Earnings Results, Misses Expectations By $0.05 EPS

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

NYSE MNRL traded up $1.30 on Friday, hitting $19.70. The stock had a trading volume of 665,559 shares, compared to its average volume of 214,971. Brigham Minerals has a 52-week low of $18.10 and a 52-week high of $23.29. The business has a 50-day moving average of $19.87.

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

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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