Wall Street brokerages expect Brigham Minerals Inc (NYSE:MNRL) to announce $28.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Brigham Minerals’ earnings, with estimates ranging from $24.80 million to $31.00 million. The business is expected to announce its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Brigham Minerals will report full year sales of $95.95 million for the current fiscal year, with estimates ranging from $91.80 million to $98.00 million. For the next year, analysts anticipate that the business will report sales of $127.37 million, with estimates ranging from $103.30 million to $140.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Brigham Minerals.

Brigham Minerals (NYSE:MNRL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The business had revenue of $25.11 million during the quarter, compared to the consensus estimate of $25.50 million.

Several analysts have recently commented on the company. Zacks Investment Research raised Brigham Minerals from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Capital One Financial assumed coverage on Brigham Minerals in a report on Friday, October 18th. They issued an “overweight” rating and a $23.00 price target for the company. Finally, Wells Fargo & Co reduced their price target on Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Brigham Minerals has an average rating of “Buy” and an average price target of $25.08.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in Brigham Minerals in the 2nd quarter valued at approximately $1,828,000. Balter Liquid Alternatives LLC purchased a new position in Brigham Minerals in the 2nd quarter valued at approximately $820,000. CIBC Private Wealth Group LLC purchased a new position in Brigham Minerals in the 2nd quarter valued at approximately $10,600,000. Millennium Management LLC increased its stake in Brigham Minerals by 1,819.3% in the 3rd quarter. Millennium Management LLC now owns 345,478 shares of the company’s stock valued at $6,875,000 after purchasing an additional 327,478 shares in the last quarter. Finally, Warburg Pincus LLC purchased a new position in Brigham Minerals in the 2nd quarter valued at approximately $275,554,000. 43.29% of the stock is owned by institutional investors and hedge funds.

Brigham Minerals stock opened at $18.58 on Thursday. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $19.56 and a two-hundred day moving average of $20.22. Brigham Minerals has a twelve month low of $17.51 and a twelve month high of $23.29.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.32 annualized dividend and a dividend yield of 7.10%.

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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