In a report released today, John Freeman from Raymond James maintained a Buy rating on Brigham Minerals (MNRL – Research Report), with a price target of $41.00. The company’s shares closed last Friday at $26.19.
According to TipRanks.com, Freeman is a top 100 analyst with an average return of 33.0% and a 58.9% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.
Brigham Minerals has an analyst consensus of Strong Buy, with a price target consensus of $31.29, a 19.5% upside from current levels. In a report issued on April 11, KeyBanc also maintained a Buy rating on the stock with a $28.00 price target.
Based on Brigham Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $47.67 million and net profit of $34.03 million. In comparison, last year the company earned revenue of $23.76 million and had a GAAP net loss of $49.19 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MNRL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on MNRL: