Brigham Minerals Inc. (MNRL) shares are trading at lower $8.09 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $23.29 and the low is $5.86. Over the last 52 weeks, MNRL is down -59.97% while the S&P 500 is up 10.88%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MNRL reported a profit of $-7.14 million. Brigham Minerals Inc. also saw revenues decrease to $12.61 million. In addition, MNRL has free cash flow of $9.58 million as of 06-2020. The company’s EBITDA came in at $4.44 million which compares well with its peers.
MNRL booked profit margins of 6.50%, its Return on Equity (ROE) is 1.90%, and its Return on Assets is 0.90%. All told, it is clear that, MNRL needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MNRL has a short ratio of 2.22 and outstanding shares of 56.91M.
MNRL has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.14. Brigham Minerals Inc. MNRL also noted assets of $742.89 million at the end of the last quarter. Investors should also keep an eye on sector updates as MNRL has historically followed its peers on positive news.
All told, Brigham Minerals Inc. MNRL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MNRL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Brigham Minerals Inc. MNRL is now commanding a market cap of 529.81M and a float of 27.21M. MNRL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MNRL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MNRL, either long or short, and we have not been compensated for this article.