Wall Street brokerages expect Brigham Minerals, Inc. (NYSE:MNRLGet Rating) to announce $0.62 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Brigham Minerals’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $1.06. Brigham Minerals posted earnings of $0.25 per share during the same quarter last year, which suggests a positive year over year growth rate of 148%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Brigham Minerals will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.02 to $4.08. For the next financial year, analysts expect that the firm will report earnings of $2.44 per share, with EPS estimates ranging from $1.16 to $4.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Brigham Minerals.

Brigham Minerals (NYSE:MNRLGet Rating) last issued its earnings results on Wednesday, February 23rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $47.67 million during the quarter, compared to analysts’ expectations of $47.23 million. Brigham Minerals had a return on equity of 10.84% and a net margin of 36.54%. During the same period last year, the firm posted $0.07 earnings per share.

Several equities analysts have recently commented on MNRL shares. Zacks Investment Research downgraded shares of Brigham Minerals from a “buy” rating to a “hold” rating in a report on Saturday, April 9th. Barclays increased their target price on shares of Brigham Minerals from $25.00 to $29.00 in a research note on Thursday, April 28th. Piper Sandler increased their target price on shares of Brigham Minerals from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. TheStreet raised shares of Brigham Minerals from a “c+” rating to a “b” rating in a research note on Monday, April 18th. Finally, KeyCorp upped their price target on shares of Brigham Minerals from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, April 11th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $31.00.

Shares of MNRL stock traded down $0.28 during trading hours on Friday, reaching $26.36. The company had a trading volume of 637,796 shares, compared to its average volume of 445,621. The business has a fifty day moving average price of $25.81 and a 200-day moving average price of $23.39. Brigham Minerals has a one year low of $16.51 and a one year high of $28.84. The firm has a market cap of $1.57 billion, a PE ratio of 17.23 and a beta of 1.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.53 and a current ratio of 2.53.

The company also recently disclosed a None dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be paid a dividend of $0.60 per share. This is a boost from Brigham Minerals’s previous None dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 19th. This represents a dividend yield of 2.2%. Brigham Minerals’s dividend payout ratio (DPR) is presently 36.60%.

In related news, Director Pbra, Llc sold 81,287 shares of Brigham Minerals stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $25.28, for a total value of $2,054,935.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 780,440 shares of company stock worth $19,456,167 in the last three months. 3.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MNRL. Epoch Investment Partners Inc. purchased a new position in shares of Brigham Minerals during the 3rd quarter worth $13,194,000. Victory Capital Management Inc. purchased a new stake in Brigham Minerals in the 1st quarter valued at about $9,596,000. Eagle Asset Management Inc. purchased a new stake in Brigham Minerals in the 4th quarter valued at about $5,220,000. Westwood Holdings Group Inc. raised its holdings in Brigham Minerals by 16.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,571,366 shares of the company’s stock valued at $33,140,000 after buying an additional 224,462 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its holdings in Brigham Minerals by 16.5% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,442,498 shares of the company’s stock valued at $30,422,000 after buying an additional 204,245 shares during the period. 68.81% of the stock is currently owned by institutional investors.

About Brigham Minerals (Get Rating)

Brigham Minerals, Inc owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

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