In a report released yesterday, John Freeman from Raymond James maintained a Buy rating on Brigham Minerals (MNRL). The company’s shares closed last Thursday at $17.40, close to its 52-week high of $17.84.
According to TipRanks.com, Freeman is a 3-star analyst with an average return of 4.9% and a 44.6% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Occidental Petroleum.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brigham Minerals with a $18.00 average price target, a 2.6% upside from current levels. In a report issued on April 22, RBC Capital also maintained a Buy rating on the stock with a $22.00 price target.
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Brigham Minerals’ market cap is currently $994.6M and has a P/E ratio of -16.20. The company has a Price to Book ratio of 1.53.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MNRL in relation to earlier this year.
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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.
