Piper Jaffray Companies Initiates Coverage on Brigham Minerals (MNRL)

Piper Jaffray Companies started coverage on shares of Brigham Minerals (NYSE:MNRL) in a report issued on Monday, BenzingaRatingsTable reports. The firm issued an overweight rating and a $25.00 price target on the stock. Piper Jaffray Companies also issued estimates for Brigham Minerals’ Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.36 EPS, FY2019 earnings at $1.11 EPS, Q1 2020 earnings at $0.37 EPS, Q2 2020 earnings at $0.36 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $1.45 EPS, Q1 2021 earnings at $0.35 EPS and FY2021 earnings at $1.37 EPS.

Separately, Barclays started coverage on shares of Brigham Minerals in a research report on Monday. They set an overweight rating and a $27.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $25.56.

Shares of NYSE MNRL opened at $21.49 on Monday. Brigham Minerals has a 1 year low of $18.61 and a 1 year high of $21.74.

In other Brigham Minerals news, insider Ben M. Brigham acquired 111,110 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average price of $18.00 per share, for a total transaction of $1,999,980.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harold D. Carter acquired 40,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average price of $18.00 per share, for a total transaction of $720,000.00. The disclosure for this purchase can be found here. Insiders have purchased 206,665 shares of company stock worth $3,719,970 in the last quarter.

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: How to Invest in a Bull Market

Analyst Recommendations 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.