Shares of Brigham Minerals Inc (NYSE:MNRL) have earned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $25.56.

Several research analysts have commented on the stock. Piper Jaffray Companies assumed coverage on shares of Brigham Minerals in a research report on Monday. They set an “overweight” rating and a $25.00 price objective for the company. UBS Group assumed coverage on shares of Brigham Minerals in a research report on Monday. They set a “buy” rating and a $25.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Brigham Minerals in a research report on Monday. They set a “buy” rating and a $26.00 price objective for the company. Credit Suisse Group assumed coverage on shares of Brigham Minerals in a research report on Monday. They set an “outperform” rating and a $24.00 price objective for the company. Finally, Wells Fargo & Co assumed coverage on shares of Brigham Minerals in a research report on Monday. They set an “outperform” rating and a $24.00 price objective for the company.

Shares of MNRL stock opened at $20.92 on Monday. Brigham Minerals has a 1 year low of $18.61 and a 1 year high of $21.74.

In related news, Director Harold D. Carter purchased 40,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average cost of $18.00 per share, for a total transaction of $720,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ben M. Brigham purchased 111,110 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price of $18.00 per share, with a total value of $1,999,980.00. The disclosure for this purchase can be found here. Insiders have bought 206,665 shares of company stock valued at $3,719,970 over the last quarter.

About Brigham Minerals

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.

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Analyst Recommendations for Brigham Minerals (NYSE:MNRL)

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