$17.38 Million in Sales Expected for Brigham Minerals Inc (MNRL) This Quarter

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Brokerages expect Brigham Minerals Inc (NYSE:MNRL) to announce sales of $17.38 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Brigham Minerals’ earnings. The highest sales estimate is $19.85 million and the lowest is $15.90 million. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Brigham Minerals will report full year sales of $104.20 million for the current year, with estimates ranging from $93.80 million to $119.01 million. For the next year, analysts anticipate that the firm will report sales of $145.92 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 sell-side research analysts that that provide coverage for Brigham Minerals.

A number of research analysts have commented on MNRL shares. UBS Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They set a “buy” rating and a $25.00 price target on the stock. Credit Suisse Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “outperform” rating and a $24.00 price target on the stock. Raymond James started coverage on Brigham Minerals in a research note on Tuesday, May 14th. They set a “strong-buy” rating and a $29.00 price target on the stock. Barclays started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “overweight” rating and a $27.00 price target on the stock. Finally, Wells Fargo & Co assumed coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “outperform” rating and a $24.00 price target on the stock. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.56.

In related news, Director Harold D. Carter acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were acquired at an average price of $18.00 per share, with a total value of $720,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ben M. Brigham acquired 111,110 shares of the business’s stock in a transaction dated 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 disclosure for this purchase can be found here. Insiders have bought 206,665 shares of company stock worth $3,719,970 in the last ninety days.

NYSE:MNRL opened at $21.00 on Tuesday. Brigham Minerals has a 52 week low of $18.61 and a 52 week high of $22.46.

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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