Capital One Financial Weighs in on Brigham Minerals, Inc.’s FY2022 Earnings (NYSE:MNRL)

Brigham Minerals, Inc. (NYSE:MNRLGet Rating) – Investment analysts at Capital One Financial upped their FY2022 earnings per share estimates for shares of Brigham Minerals in a research report issued to clients and investors on Thursday, May 5th. Capital One Financial analyst K. May now forecasts that the company will post earnings of $2.02 per share for the year, up from their prior forecast of $1.81.

Brigham Minerals (NYSE:MNRLGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $47.67 million for the quarter, compared to the consensus estimate of $47.23 million. Brigham Minerals had a return on equity of 10.84% and a net margin of 36.54%. During the same period last year, the firm earned $0.07 EPS.

A number of other brokerages have also weighed in on MNRL. Wells Fargo & Company boosted their price objective on shares of Brigham Minerals from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, March 25th. Piper Sandler raised their price objective on Brigham Minerals from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. TheStreet raised Brigham Minerals from a “c+” rating to a “b” rating in a research note on Monday, April 18th. Raymond James raised their price target on Brigham Minerals from $39.00 to $41.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 25th. Finally, KeyCorp boosted their price objective on Brigham Minerals from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $31.00.

Shares of MNRL opened at $26.36 on Monday. Brigham Minerals has a 1 year low of $16.51 and a 1 year high of $28.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a 50 day simple moving average of $25.81 and a two-hundred day simple moving average of $23.40. The firm has a market cap of $1.57 billion, a P/E ratio of 17.23 and a beta of 1.97.

Hedge funds have recently modified their holdings of the company. Sugarloaf Wealth Management LLC lifted its holdings in Brigham Minerals by 153.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,686 shares of the company’s stock valued at $57,000 after purchasing an additional 1,627 shares in the last quarter. Lazard Asset Management LLC bought a new position in Brigham Minerals in the 4th quarter worth approximately $65,000. Gibson Wealth Advisors LLC bought a new position in Brigham Minerals in the 4th quarter worth approximately $84,000. Advisor Group Holdings Inc. grew its holdings in Brigham Minerals by 20.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,319 shares of the company’s stock valued at $84,000 after buying an additional 557 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Brigham Minerals during the first quarter valued at approximately $123,000. 68.81% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Pbra, Llc sold 217,904 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $24.27, for a total transaction of $5,288,530.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 780,440 shares of company stock worth $19,456,167 over the last ninety days. 3.70% of the stock is currently owned by insiders.

The firm also recently declared a None dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be issued a dividend of $0.60 per share. This is an increase from Brigham Minerals’s previous None dividend of $0.14. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 19th. Brigham Minerals’s dividend payout ratio is presently 36.60%.

About Brigham Minerals (Get Rating)

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 Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties 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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