Brigham Minerals, Inc. (NYSE:MNRL) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MNRL is expected to report 3Q20 income of $ 0.02 per share from revenue of $ 20.84 million.
For the full year, analysts anticipate top line of $ 88.96 million, while looking forward to income of $ 0.11 per share bottom line.
Previous Quarter Performance
Brigham Minerals, Inc. announced loss for the second quarter of $ 0.11 per share, from the revenue of $ 12.61 million. The quarterly revenues fell 48.59 percent compared with the same quarter last year. Wall street analysts are predicting, MNRL to report 2Q20 loss of $ 0.04 per share from revenue of $ 13.13 million. The bottom line results missed street analysts by $ 0.07 or 175 percent, at the same time, top line results fell short of analysts by $ 0.52 million or 3.96 percent.
Stock Performance
Shares of Brigham Minerals, Inc. traded low $ -0.02 or -0.22 percent on Wednesday, reaching $ 9.20 with volume of 149.70 thousand shares. Brigham Minerals, Inc. has traded high as $ 9.28 and has cracked $ 8.90 on the downward trend
The closing price of $ 9.20, representing a 57.34 % increase from the 52 week low of $ 5.86 and a 57.41 % decrease over the 52 week high of $ 21.65.
The company has a market capital of $ 519.55 million and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 9th October 2020, initiated by Stifel Nicolaus at Buy rating, with $ 16.00 target price.
Recent Stock Dividend Announcement
On August 12, 2020, the board of directors authorized quarterly dividend of $ 0.14 per share to holders of record as of the close of business on August 27, 2020, with payment date of September 3, 2020 and ex-dividend date on August 26, 2020.
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.
