RBC Capital analyst T J Schultz maintained a Buy rating on Brigham Minerals (MNRL) yesterday and set a price target of $18.00. The company’s shares closed last Thursday at $11.43.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 12.8% and a 62.6% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Oasis Midstream Partners, and NGL Energy Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brigham Minerals with a $15.25 average price target, implying a 34.4% upside from current levels. In a report issued on December 4, Piper Sandler also upgraded the stock to Buy with a $12.00 price target.
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The company has a one-year high of $21.65 and a one-year low of $5.86. Currently, Brigham Minerals has an average volume of 384.6K.
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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. The company was founded by Ben M. Brigham in November 2012 and is headquartered in Austin, TX.
