Capital One Financial Comments on Brigham Minerals Inc’s Q4 2019 Earnings (NYSE:MNRL)

Share on StockTwits

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.

MNRL has been the topic of several other reports. Zacks Investment Research upgraded shares of Brigham Minerals from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Wells Fargo & Co cut their price target on shares of Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.08.

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?

Earnings History and Estimates for Brigham Minerals (NYSE:MNRL)

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.



Latest News

Boenning Scattergood Research Analysts Increase Earnings Estimates for Unity Bancorp, Inc.
Boenning Scattergood Research Analysts Increase Earnings Estimates for Unity Bancorp, Inc.
AXA  PT Set at €29.00 by Goldman Sachs Group
AXA PT Set at €29.00 by Goldman Sachs Group
Wintrust Financial Corp  Expected to Post Q1 2020 Earnings of $1.34 Per Share
Wintrust Financial Corp Expected to Post Q1 2020 Earnings of $1.34 Per Share
Q4 2019 EPS Estimates for Ardmore Shipping Corp  Cut by Analyst
Q4 2019 EPS Estimates for Ardmore Shipping Corp Cut by Analyst
Q4 2019 EPS Estimates for Eagle Bulk Shipping Inc. Lowered by Analyst
Q4 2019 EPS Estimates for Eagle Bulk Shipping Inc. Lowered by Analyst
Q4 2019 Earnings Estimate for Focus Financial Partners Inc Issued By Oppenheimer
Q4 2019 Earnings Estimate for Focus Financial Partners Inc Issued By Oppenheimer


© 2006-2020 Ticker Report