Brigham Minerals (MNRL) Coverage Initiated at Raymond James

Raymond James assumed coverage on shares of Brigham Minerals (NYSE:MNRL) in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a strong-buy rating and a $29.00 price objective on the stock.

A number of other equities analysts also recently issued reports on MNRL. Barclays initiated coverage on Brigham Minerals in a research note on Monday. They set an overweight rating and a $27.00 target price for the company. Piper Jaffray Companies initiated coverage on Brigham Minerals in a research note on Monday. They set an overweight rating and a $25.00 target price for the company. Wells Fargo & Co initiated coverage on Brigham Minerals in a research note on Monday. They set an outperform rating and a $24.00 target price for the company. Royal Bank of Canada initiated coverage on Brigham Minerals in a research note on Monday. They set an outperform rating and a $25.00 target price for the company. Finally, Credit Suisse Group initiated coverage on Brigham Minerals in a research note on Monday. They set an outperform rating and a $24.00 target price for the company. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $25.56.

Shares of MNRL stock traded down $0.10 during trading hours on Tuesday, reaching $21.79. 679 shares of the company’s stock were exchanged, compared to its average volume of 637,905. Brigham Minerals has a 1 year low of $18.61 and a 1 year high of $22.03.

In other news, insider Ben M. Brigham purchased 111,110 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $18.00 per share, for a total transaction of $1,999,980.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert M. Roosa purchased 36,111 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average price of $18.00 per share, for a total transaction of $649,998.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 206,665 shares of company stock worth $3,719,970.

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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Analyst Recommendations for Brigham Minerals (NYSE:MNRL)

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