Brigham Minerals (NYSE:MNRL) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Brigham Minerals (NYSE:MNRL) issued its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05), Fidelity Earnings reports. The firm had revenue of $25.11 million during the quarter, compared to the consensus estimate of $25.50 million.

Shares of NYSE:MNRL traded up $1.30 during trading on Friday, reaching $19.70. The stock had a trading volume of 665,559 shares, compared to its average volume of 214,971. Brigham Minerals has a 52 week low of $18.10 and a 52 week high of $23.29. The firm has a 50-day simple moving average of $19.87.

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

Brigham Minerals Company Profile

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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