Brigham Minerals’ (NYSE:MNRL) quiet period will end on Tuesday, May 28th. Brigham Minerals had issued 14,500,000 shares in its IPO on April 18th. The total size of the offering was $261,000,000 based on an initial share price of $18.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several equities research analysts have commented on MNRL shares. Barclays started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “overweight” rating and a $27.00 price objective for the company. Piper Jaffray Companies started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “overweight” rating and a $25.00 price objective for the company. Wells Fargo & Co started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “outperform” rating and a $24.00 price objective for the company. Royal Bank of Canada started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Credit Suisse Group started coverage on Brigham Minerals in a research note on Monday, May 13th. They set an “outperform” rating and a $24.00 price objective for the company. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Brigham Minerals has an average rating of “Buy” and a consensus price target of $25.56.

Shares of Brigham Minerals stock opened at $20.77 on Friday. Brigham Minerals has a 1-year low of $18.61 and a 1-year high of $22.46.

In other Brigham Minerals news, Director Harold D. Carter acquired 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $720,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake C. Williams acquired 19,444 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average price of $18.00 per share, for a total transaction of $349,992.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 206,665 shares of company stock worth $3,719,970.

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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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