In a report issued on March 5, T J Schultz from RBC Capital maintained a Buy rating on Brigham Minerals (MNRL), with a price target of $22.00. The company’s shares closed last Friday at $15.92, close to its 52-week high of $17.50.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 17.5% and a 67.0% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Oasis Midstream Partners, and Equitrans Midstream.
Brigham Minerals has an analyst consensus of Strong Buy, with a price target consensus of $20.00, representing a 30.2% upside. In a report issued on February 24, Raymond James also maintained a Buy rating on the stock.
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The company has a one-year high of $17.50 and a one-year low of $5.86. Currently, Brigham Minerals has an average volume of 557.2K.
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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. The company was founded by Ben M. Brigham in November 2012 and is headquartered in Austin, TX.
