Brigham Minerals Inc (NYSE:MNRL)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $17.91 and last traded at $17.98, with a volume of 67226 shares. The stock had previously closed at $19.70.

A number of research analysts have recently commented on MNRL shares. Wells Fargo & Co lowered their target price on Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Capital One Financial assumed coverage on shares of Brigham Minerals in a research report on Friday, October 18th. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research raised shares of Brigham Minerals from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Brigham Minerals has an average rating of “Buy” and a consensus price target of $25.08.

The company has a debt-to-equity ratio of 0.76, a quick ratio of 7.07 and a current ratio of 7.07. The business has a 50-day simple moving average of $19.60 and a 200-day simple moving average of $20.29.

Brigham Minerals (NYSE:MNRL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $25.11 million during the quarter, compared to analyst estimates of $25.50 million. As a group, equities research analysts predict that Brigham Minerals Inc will post 0.6 EPS for the current year.

The business 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. The ex-dividend date was Tuesday, November 19th. This represents a $1.32 annualized dividend and a yield of 7.33%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Warburg Pincus LLC bought a new stake in Brigham Minerals in the second quarter worth about $275,554,000. Nuveen Asset Management LLC bought a new stake in shares of Brigham Minerals during the 2nd quarter worth approximately $19,202,000. BlackRock Inc. purchased a new position in Brigham Minerals during the 2nd quarter valued at $16,834,000. Vanguard Group Inc. purchased a new position in Brigham Minerals during the 2nd quarter valued at $12,755,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Brigham Minerals during the 2nd quarter valued at $10,600,000. Institutional investors own 43.29% of the company’s stock.

About Brigham Minerals (NYSE:MNRL)

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.

See Also: Cost of Equity For A Business, Investors

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