Raymond James Initiates Coverage on Brigham Minerals (MNRL)

Raymond James Initiates Coverage on Brigham Minerals (MNRL)

Research analysts at Raymond James started coverage on shares of Brigham Minerals (NYSE:MNRL) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set a “strong-buy” rating and a $29.00 price target on the stock. Raymond James’ price objective indicates a potential upside of 34.95% from the stock’s current price.

Several other equities analysts have also recently issued reports on MNRL. Seaport Global Securities assumed coverage on shares of Brigham Minerals in a research report on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of Brigham Minerals in a research report on Monday. They set an “outperform” rating and a $25.00 price target on the stock. Wells Fargo & Co initiated coverage on shares of Brigham Minerals in a research note on Monday. They set an “outperform” rating and a $24.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of Brigham Minerals in a research note on Monday. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Credit Suisse Group initiated coverage on shares of Brigham Minerals in a research note on Monday. They set an “outperform” rating and a $24.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $25.56.

MNRL stock opened at $21.49 on Tuesday. Brigham Minerals has a 12-month low of $18.61 and a 12-month high of $21.74.

In other news, insider Ben M. Brigham bought 111,110 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average price of $18.00 per share, for a total transaction of $1,999,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harold D. Carter bought 40,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was purchased 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 three months.

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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