Brigham Minerals’ (NYSE:MNRL) lock-up period will end on Tuesday, October 15th. Brigham Minerals had issued 14,500,000 shares in its initial public offering on April 18th. The total size of the offering was $261,000,000 based on an initial share price of $18.00. After the expiration of Brigham Minerals’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

MNRL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Brigham Minerals from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, October 9th. Seaport Global Securities reiterated a “buy” rating on shares of Brigham Minerals in a research note on Friday, June 21st. Finally, SunTrust Banks initiated coverage on shares of Brigham Minerals in a research note on Monday, June 17th. They set a “buy” rating and a $28.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.45.

Shares of NYSE:MNRL traded down $1.00 during midday trading on Monday, reaching $18.93. The company had a trading volume of 1,307 shares, compared to its average volume of 180,419. The company’s fifty day simple moving average is $20.22. Brigham Minerals has a one year low of $18.36 and a one year high of $23.29.

Brigham Minerals (NYSE:MNRL) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $24.53 million during the quarter, compared to the consensus estimate of $23.73 million. As a group, analysts forecast that Brigham Minerals will post 0.7 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Warburg Pincus LLC bought a new stake in shares of Brigham Minerals in the second quarter worth $275,554,000. Nuveen Asset Management LLC bought a new stake in shares of Brigham Minerals in the second quarter worth $19,202,000. BlackRock Inc. bought a new stake in shares of Brigham Minerals in the second quarter worth $16,834,000. Vanguard Group Inc. bought a new stake in shares of Brigham Minerals in the second quarter worth $12,755,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Brigham Minerals in the second quarter worth $10,600,000. Institutional investors and hedge funds own 57.70% of the company’s stock.

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.

See Also: What is a balanced fund?

Receive News & Ratings for Brigham Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brigham Minerals and related companies with MarketBeat.com's FREE daily email newsletter.