Brigham Minerals Inc. (NYSE:MNRL) went down by -7.74% from its latest closing price compared to the recent 1-year high of $33.64. The company’s stock price has collected -15.45% of loss in the last five trading sessions.
Is It Worth Investing in Brigham Minerals Inc. (NYSE :MNRL) Right Now?
Brigham Minerals Inc. (NYSE:MNRL) scored a price-to-earnings ratio above its average ratio, recording 17.89 x from its present earnings ratio. Opinions of the stock are interesting as 6 analysts out of 9 who provided ratings for Brigham Minerals Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $35.33, which is $8.14 above the current price. MNRL currently public float of 47.49M and currently shorts hold a 2.48% ratio of that float. Today, the average trading volume of MNRL was 592.68K shares.
MNRL’s Market Performance
MNRL stocks went down by -15.45% for the week, with a monthly jump of 2.60% and a quarterly performance of 13.75%, while its annual performance rate touched 41.45%. The volatility ratio for the week stands at 5.65% while the volatility levels for the past 30 days are set at 4.14% for Brigham Minerals Inc. The simple moving average for the period of the last 20 days is -10.31% for MNRL stocks with a simple moving average of 18.30% for the last 200 days.
Analysts’ Opinion of MNRL
Many brokerage firms have already submitted their reports for MNRL stocks, with Piper Sandler repeating the rating for MNRL by listing it as a “Overweight.” The predicted price for MNRL in the upcoming period, according to Piper Sandler is $23 based on the research report published on January 26th of the current year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see MNRL reach a price target of $19, previously predicting the price at $22. The rating they have provided for MNRL stocks is “Equal Weight” according to the report published on September 03rd, 2021.
Piper Sandler gave a rating of “Overweight” to MNRL, setting the target price at $12 in the report published on December 04th of the previous year.
MNRL Trading at -1.91% from the 50-Day Moving Average
After a stumble in the market that brought MNRL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.17% of loss for the given period.
Volatility was left at 4.14%, however, over the last 30 days, the volatility rate increased by 5.65%, as shares surge +2.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.37% upper at present.
During the last 5 trading sessions, MNRL fell by -15.45%, which changed the moving average for the period of 200-days by +39.65% in comparison to the 20-day moving average, which settled at $30.35. In addition, Brigham Minerals Inc. saw 32.78% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MNRL starting from PBRA, LLC, who sale 55,247 shares at the price of $30.57 back on Jun 15. After this action, PBRA, LLC now owns 0 shares of Brigham Minerals Inc., valued at $1,688,995 using the latest closing price.
PBRA, LLC, the Director of Brigham Minerals Inc., sale 126,731 shares at $30.67 during a trade that took place back on Jun 14, which means that PBRA, LLC is holding 0 shares at $3,887,148 based on the most recent closing price.
Stock Fundamentals for MNRL
Current profitability levels for the company are sitting at:
- +53.30 for the present operating margin
- +67.24 for the gross margin
The net margin for Brigham Minerals Inc. stands at +31.19. Equity return is now at value 13.90, with 9.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.53.