Brigham Minerals, Inc. (NYSE:MNRL) is set to announce second quarter earning results on Wednesday 12th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MNRL to report 2Q20 loss of $ 0.04 per share.
For the full year, analysts anticipate top line of $ 85.45 million, while looking forward to income of $ 0.16 per share bottom line.
Previous Quarter Performance
Brigham Minerals, Inc. posted income for the first quarter of $ 0.14 per share, from the revenue of $ 32.28 million. The quarterly earnings elevated 75.00 percent while revenues raised 76.68 percent compared with the same quarter last year. According to street consensus, revenue of $ 29.08 million was expected for the first quarter The top line results outshined analysts by $ 3.20 million or 11.00 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MNRL was $ 12.31, representing a 110.07 % increase from the 52 week low of $ 5.86 and a 47.14 % decrease over the 52 week high of $ 23.29.
The company has a market capital of $ 700.56 million and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 29th June 2020, maintained by UBS Group at Buy rating, with $ 15.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.37 per share on May 13, 2020. The dividend were payable on June 3, 2020 to holders of record as of the close of business on May 27, 2020 and ex-dividend date on May 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.
