Raymond James analyst John Freeman maintained a Buy rating on Brigham Minerals (MNRL) yesterday. The company’s shares closed last Thursday at $9.08.
According to TipRanks.com, Freeman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -21.7% and a 20.2% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Black Stone Minerals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brigham Minerals with a $15.00 average price target, implying a 64.3% upside from current levels. In a report issued on October 22, RBC Capital also maintained a Buy rating on the stock with a $16.00 price target.
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Based on Brigham Minerals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $12.61 million and GAAP net loss of $6.82 million. In comparison, last year the company earned revenue of $24.53 million and had a GAAP net loss of $3.21 million.
Based on the recent corporate insider activity of 56 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.
