Stifel Nicolaus analyst Derrick Whitfield maintained a Hold rating on Brigham Minerals (MNRL – Research Report) on December 19 and set a price target of $33.50. The company’s shares closed yesterday at $32.94.
According to TipRanks, Whitfield is an analyst with an average return of -10.6% and a 33.33% success rate. Whitfield covers the Utilities sector, focusing on stocks such as Diamondback, Callon, and Devon Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brigham Minerals with a $38.30 average price target.
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Based on Brigham Minerals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $94.21 million and a net profit of $38.46 million. In comparison, last year the company earned a revenue of $41.96 million and had a net profit of $14.21 million
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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.