Brigham Minerals (NYSE:MNRL) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Brigham Minerals (NYSE:MNRL) posted its earnings results on Thursday. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05), Fidelity Earnings reports. The company had revenue of $25.11 million during the quarter, compared to analysts’ expectations of $25.50 million.

NYSE:MNRL traded up $1.30 during trading hours on Friday, hitting $19.70. The company’s stock had a trading volume of 665,559 shares, compared to its average volume of 214,971. The company has a fifty day simple moving average of $19.87. Brigham Minerals has a 52-week low of $18.10 and a 52-week high of $23.29.

Several research firms recently commented on MNRL. Zacks Investment Research raised Brigham Minerals from a “sell” rating to a “hold” rating in a report on Saturday. Capital One Financial began coverage on Brigham Minerals in a report on Friday, October 18th. They issued an “overweight” rating and a $23.00 target price on the stock. Finally, Wells Fargo & Co dropped their target price on Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Brigham Minerals presently has a consensus rating of “Buy” and an average price target of $25.08.

About Brigham Minerals

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 Permian Basin in West Texas and New Mexico; the SCOOP/STACK 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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