Brigham Minerals Inc (NYSE:MNRL) – Equities research analysts at SunTrust Banks reduced their Q2 2019 earnings estimates for Brigham Minerals in a research note issued on Monday, July 8th, according to Zacks Investment Research. SunTrust Banks analyst W. Fitzpatrick now expects that the company will earn $0.19 per share for the quarter, down from their previous estimate of $0.20. SunTrust Banks currently has a “Buy” rating and a $28.00 price target on the stock. SunTrust Banks also issued estimates for Brigham Minerals’ Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.68 EPS, Q1 2020 earnings at $0.23 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.25 EPS, FY2020 earnings at $0.96 EPS and FY2021 earnings at $0.98 EPS.
Several other research analysts also recently weighed in on MNRL. Royal Bank of Canada lifted their target price on shares of NVIDIA to $200.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Wells Fargo & Co dropped their target price on shares of Nevro from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Seaport Global Securities reissued a “buy” rating on shares of W&T Offshore in a research report on Friday, June 21st. Credit Suisse Group dropped their target price on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, UBS Group set a $15.00 target price on shares of Hain Celestial Group and gave the stock a “sell” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $25.80.
Shares of NYSE MNRL traded up $0.84 during midday trading on Wednesday, reaching $21.74. The company’s stock had a trading volume of 123,600 shares, compared to its average volume of 262,747. The stock has a 50 day moving average price of $20.98. Brigham Minerals has a one year low of $18.61 and a one year high of $22.96.
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.