Brigham Minerals Inc. (NYSE:MNRL) went up by 1.95% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Oil & Gas E&P giant went up by $12.54 to trade ended Thursday trading at $12.30. This is up from the $12.3 price recorded on Wednesday’s trading session. Thanks to this latest performance, MNRL is closer to the higher price 52-week target of $18.00 and further from the lowest price target of $12.00. Its performance from the start of the year has also been negative, with MNRL down by -41.51% year-to-date.
Brigham Minerals Inc. (MNRL) started the day trading at $12.68 and recorded an intraday high of $12.92. It also recorded an intraday low of $12.32 during Thursday’s trading session. Brigham Minerals Inc. is a very active stock that recorded a trading volume that is less than -166.48% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 205330, which is less than -166.48 of the total average daily trading volume of 547.16K.
Brigham Minerals Inc. (NYSE:MNRL) 2020 Performance Impressive
The increase in MNRL’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MNRL currently stands at $23.29, which is higher than the current trading price of the stock by 46.16%. However, MNRL’s current trading price is -113.99% lower than the 52-week low price of $5.86. In terms of trading volume, Brigham Minerals Inc. currently experienced healthy participation during the last trading session. 205330 shares of Brigham Minerals Inc. were traded on the stock exchange on Thursday, which is less than -166.48% of the 547.16K average trading volume of the stock.
The performance of the stock has been positive over the past year. MNRL’s performance over the past one year has seen it plunge by -40.90%, while the stock has gone down by -39.77% in the last six months. The quarterly performance of MNRL currently stands at 39.18%, and it is down by -7.73% in the last month. The only positive figure was from the weekly performance, which currently reads 3.64%. At the time of writing MNRL’s report, the company has a total market cap of $699.98M, making it one of the largest publicly-traded companies in the world.Brigham Minerals Inc. also has over 41 employees all over the world.
MNRL Insider Activities
The insider transactions over the past six months are down by -107.70%.For Brigham Minerals Inc. insiders bought 13,337,075 shares in 49 transactions. In that same period, insiders sold 32,878,047 of their shares in 62 transactions. After these transactions, insiders at Brigham Minerals Inc. now hold 515k shares, which is over 126.17% of the total company stocks. Institutional investors currently hold a large chunk of the MNRL shares, as they control 1.51% of the company’s total stock.
MNRL Fundamental Analysis
For Brigham Minerals Inc., the stock’s diluted earnings per share (EPS) stands at 0.14. In the coming year, analysts expect the EPS to be 0.34. The stock’s EPS growth this year is 275.30%, with analysts expecting almost a 2 growth in the earnings per share next week.
The Return on Investment (ROI) on Brigham Minerals Inc.’s stock currently stands at 8.70%, and it has a net profit margin of 6.60%. The operating margin of the company is 27.70%.
MNRL Analysts Prediction
Piper Sandler reiterate their Neutral position on the stock ($21 and $17)
SunTrust and Seaport Global Securities also believe that Brigham Minerals Inc.’s stock is outperforming at the moment. Three analysts, KeyBanc Capital Markets, CapitalOne, and Piper Jaffray, all rate the stock as overweight.
MNRL Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MNRL currently stands at -3.41%, while the SMA50 is -2.25%. The biggest one is the SMA200, which is currently reading -20.94% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 48.62, while its price to earnings ratio (P/E) is 87.69.
