Brokerages expect Brigham Minerals Inc (NYSE:MNRL) to post earnings per share of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Brigham Minerals’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.12. The business is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Brigham Minerals will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.78 to $1.18. For the next year, analysts anticipate that the company will report earnings of $1.70 per share, with EPS estimates ranging from $0.96 to $2.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Brigham Minerals.

A number of equities analysts have commented on MNRL shares. Seaport Global Securities started coverage on Brigham Minerals in a research note on Tuesday, May 14th. They issued a “buy” rating and a $25.00 price objective on the stock. UBS Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Goldman Sachs Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued a “buy” rating and a $26.00 price objective on the stock. Credit Suisse Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on Brigham Minerals in a research note on Monday, May 13th. They issued an “outperform” rating and a $25.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $25.56.

In other news, Director Harold D. Carter purchased 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ben M. Brigham purchased 111,110 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased 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.

Brigham Minerals stock opened at $20.47 on Monday. Brigham Minerals has a 52 week low of $18.61 and a 52 week high of $22.46.

About Brigham Minerals

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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