Barclays Maintains a Buy Rating on Brigham Minerals Inc (MNRL)
In a report released yesterday, William S. Thompson from Barclays maintained a Buy rating on Brigham Minerals Inc (MNRL), with a price target of $30. The company’s shares opened today at $21.42.
According to TipRanks.com, Thompson is a 1-star analyst with an average return of -7.5% and a 36.4% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Viper Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brigham Minerals Inc with a $25.57 average price target, which is a 19.4% upside from current levels. In a report issued on June 17, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $28 price target.
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The company has a one-year high of $22.46 and a one-year low of $18. Currently, Brigham Minerals Inc has an average volume of 456.6K.
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Brigham Minerals, Inc. engages in the acquisition and managing a a portfolio of mineral and royalty interests. Its portfolio include basins in the United States, which comprises Permian Basin in Texas and New Mexico; the SCOOP and STACK plays in the Anadarko Basin of Oklahoma; the DJ Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.