Brigham Minerals Inc (NYSE:MNRL) – Equities research analysts at Capital One Financial cut their Q4 2019 earnings per share estimates for Brigham Minerals in a research note issued on Monday, December 9th. Capital One Financial analyst K. May now anticipates that the company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.21. Capital One Financial has a “Overweight” rating and a $23.00 price objective on the stock. Capital One Financial also issued estimates for Brigham Minerals’ Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.27 EPS and FY2021 earnings at $1.08 EPS.
Brigham Minerals (NYSE:MNRL) last posted its earnings results on Thursday, November 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $25.11 million for the quarter, compared to the consensus estimate of $25.50 million.
Brigham Minerals stock opened at $18.20 on Tuesday. Brigham Minerals has a fifty-two week low of $17.51 and a fifty-two week high of $23.29. The firm’s 50-day simple moving average is $19.58 and its 200 day simple moving average is $20.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.07 and a current ratio of 7.07.
Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. purchased a new position in Brigham Minerals in the second quarter valued at about $1,828,000. Balter Liquid Alternatives LLC purchased a new position in Brigham Minerals in the second quarter valued at about $820,000. CIBC Private Wealth Group LLC purchased a new position in Brigham Minerals in the second quarter valued at about $10,600,000. Millennium Management LLC boosted its stake in Brigham Minerals by 1,819.3% in the third quarter. Millennium Management LLC now owns 345,478 shares of the company’s stock valued at $6,875,000 after acquiring an additional 327,478 shares during the last quarter. Finally, Warburg Pincus LLC purchased a new position in Brigham Minerals in the second quarter valued at about $275,554,000. Institutional investors and hedge funds own 43.29% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 7.25%. The ex-dividend date was Tuesday, November 19th.
Brigham Minerals Company Profile
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.
Recommended Story: Why are trading ranges significant?
Receive News & Ratings for Brigham Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brigham Minerals and related companies with MarketBeat.com's FREE daily email newsletter.