MNRL stock has undergone multiple analysts rating changes in the recent past. Brigham Minerals stock Target Raised by Piper Sandler on 10/13/2021. In a note to investors, the firm issued a new target price of $24.00. The analysts previously had $20.00 target price. Piper Sandler’s price target would indicate a potential upside of 18.87% from the stock’s previous close.
Shares of Brigham Minerals traded up $0.01 on Tuesday, reaching $20.20. 16792 shares of the stock traded hands, compared to its average volume of 239993. On Tuesday, Shares of Brigham Minerals closed at $20.20. The firm’s 50 day moving average is $19.10 and its 200 day moving average is $17.33.Brigham Minerals has a 12 month low of $8.26 and a 12 month high of $21.94. While on yearly highs and lows, Brigham Minerals today has traded high as $20.45 and has touched $20.18 on the downward trend.
Brigham Minerals Earnings and What to expect:
Brigham Minerals last issued its earnings results on August 4th, 2021. The reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $37.81 million for the quarter, compared to the consensus estimate of $35.85 million. Brigham Minerals has generated $0.19 earnings per share over the last year (($0.66) diluted earnings per share). Earnings for Brigham Minerals are expected to decrease by -6.90% in the coming year, from $1.16 to $1.08 per share. Brigham Minerals has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.
Earnings for Brigham Minerals are expected to decrease by -6.90% in the coming year, from $1.16 to $1.08 per share. The P/E ratio of Brigham Minerals is -30.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Brigham Minerals is -30.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Brigham Minerals has a P/B Ratio of 2.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Brigham Minerals (NYSE:MNRL) Moving Average Technical Analysis
5 day Moving Average is $$20.33 And 5 day price change is -$0.22 (-1.08%) with average volume for 5 day average is 149,540. While technical analysis for average 20 days shows significant difference, 20 day moving average is $19.75 and 20 day price change is $0.82 (4.23%) and average 20 day moving volume is 232,510. 50 day moving average is $19.10 and 50 day price change is $1.23 ( 6.49%) and with average volume for 50 days is : 218,906. 200 day moving average is $17.33 and 200 day price change is $8.92 (79.15%) and with average volume for 200 days is : 352,574.
Other owners latest trading in MNRL :
- On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 215,346 which equates to market value of $4.59M and appx 0.00% owners of MNRL
- On 8/26/2021 shares held by NFC Investments LLC were 411,960 which equates to market value of $8.77M and appx 2.20% owners of MNRL
- On 8/23/2021 shares held by Morgan Stanley were 157,170 which equates to market value of $3.35M and appx 0.00% owners of MNRL
- In total Institutional ownership equates to Institutional Ownership Percentage: 68.14% for MNRL
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