Brigham Minerals (NYSE:MNRL) Target Raised by UBS Group AG to $15.00

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Brigham Minerals stock has undergone multiple analysts rating changes in the recent past.  Brigham Minerals stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $15.00. The analysts previously had $14.00 target price. UBS Group AG’s price target would indicate a potential upside of 25.52% from the stock’s previous close.

Shares of Brigham Minerals traded up $0.17 on Monday, reaching $11.93. 293480 shares of the stock traded hands, compared to its average volume of 641050. Shares of were trading at $11.93 on Monday. The firm’s 50 day moving average is $12.71 and its 200 day moving average is 15.95.Brigham Minerals  has a 12 month low of $11.78 and a 12 month high of $23.29. While on yearly highs and lows, Brigham Minerals today has traded high as $12.21 and has touched $11.78 on the downward trend.

Brigham Minerals Earnings and What to expect: 

Brigham Minerals last issued its quarterly earnings data on May 13th, 2020. The reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $32.28 million for the quarter, compared to analyst estimates of $29.82 million. Brigham Minerals has generated $0.57 earnings per share over the last year and currently has a price-to-earnings ratio of 34.3. Brigham Minerals has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 13th, 2020 based off prior year’s report dates.

Earnings for Brigham Minerals are expected to grow by 68.75% in the coming year, from $0.16 to $0.27 per share. The P/E ratio of Brigham Minerals is 34.29, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.11. The P/E ratio of Brigham Minerals is 34.29, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 25.51. Brigham Minerals has a P/B Ratio of 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 3.35%
  • On 6/12/2020 Director Warburg Pincus & Co Us, Llc Sell 4,427,052 at average share price of $13.46 which equates to $59,588,119.92 in money value.
  • On 3/24/2020 Director John R. Sult Buy 10,000 at average price of  $7.00 with total value of : Not Data Available
  • On 3/20/2020 Director Harold D. Carter Buy 2,375 at average price of  $7.04 with total value of : $16,720.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Brigham Minerals

  • 6/15/2020 – Brigham Minerals had its “overweight” rating re-affirmed by analysts at Wells Fargo & Co. They now have a $13.00 price target on the stock. ()
  • 6/15/2020 – Brigham Minerals had its “market perform” rating re-affirmed by analysts at SunTrust Banks, Inc.. They now have a $16.00 price target on the stock. ()
  • 6/10/2020 – Brigham Minerals was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. ()
  • 5/21/2020 – Brigham Minerals was downgraded by analysts at Capital One Financial Corp. from an “overweight” rating to an “equal weight” rating. They now have a $14.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Continental Resources had its price target raised by analysts at UBS Group AG from $7.00 to $16.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $50.00 to $62.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Brigham Minerals (NYSE:MNRL) Moving Average Technical Analysis

5 day Moving Average is $12.06 And 5 day price change is -0.54 (-4.31%)  with average volume for 5 day average is 501,200. While technical analysis for average 20 days shows significant difference, 20 day moving average is  13.12 and 20 day price change is -1.42 (-10.59%) and average 20 day moving volume is 681,720. 50 day moving average is 12.71  and 50 day price change is 2.1 ( 0.2123)  and with average volume for 50 days is : 561,496. 200 day moving average is 15.95  and 200 day price change is -8.22 (-40.67%)  and with average volume for 200 days is : 474,348.

See More Analyst Rating at: RATING