Loading...
MNRL logo

Brigham Minerals, Inc.NYSE:MNRL 주식 보고서

시가총액 US$2.0b
주가
n/a
내 적정 가치
해당 없음
1Y54.1%
7D-2.3%
포트폴리오 가치
​
보기

Brigham Minerals, Inc.

NYSE:MNRL 주식 리포트

시가총액: US$2.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Brigham Minerals (MNRL) 주식 개요

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. 자세히 보기

MNRL 펀더멘털 분석
스노우플레이크 점수
가치 평가0/6
미래 성장1/6
과거 실적6/6
재무 건전성5/6
배당2/6

강점

주가수익률(13.8x)이 US 시장(19.1x)보다 낮습니다.

수익은 매년 3.62% 증가할 것으로 예상됩니다.

지난 1년간 수익이 32381.2% 증가했습니다.

위험 분석

9.97%의 배당금은 수익이나 자유현금흐름으로 잘 충당되지 않습니다.

지난 1년 동안 주주가 희석되었습니다.


MNRL Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Brigham Minerals, Inc. 경쟁사

가격 이력 및 성과

Brigham Minerals 주가의 최고가, 최저가 및 변동 요약
과거 주가
현재 주가US$32.50
52주 최고가US$37.79
52주 최저가US$20.53
베타1.87
1개월 변동-8.27%
3개월 변동31.74%
1년 변동54.10%
3년 변동55.13%
5년 변동n/a
IPO 이후 변동63.15%

최근 뉴스 및 업데이트

Seeking Alpha • Dec 29

Brigham Minerals approve merger with Sitio Royalties

Brigham Minerals (NYSE:MNRL) announced the stockholders of the company voted in favor of all proposals necessary for the closing of the previously announced merger between Brigham and Sitio Royalties. The merger is anticipated to close on December 29, 2022. Brigham stockholders will receive 1.133 shares of Snapper Merger Sub I for each share of Brigham and 1.133 shares of New Sitio Class C common stock for each share of Brigham Class B common stock owned. Brigham Minerals unitholders will receive 1.133 common units representing limited partnership interests in Sitio Royalties Operating Partnership for each unit in Opco owned.
Seeking Alpha • Nov 16

Brigham Minerals goes ex-dividend tomorrow

Brigham Minerals (NYSE:MNRL) had declared $0.81/share quarterly dividend, 5.2% increase from prior dividend of $0.77. Payable Nov. 25; for shareholders of record Nov. 18; ex-div Nov. 17. See MNRL Dividend Scorecard, Yield Chart, & Dividend Growth.

Recent updates

Seeking Alpha • Dec 29

Brigham Minerals approve merger with Sitio Royalties

Brigham Minerals (NYSE:MNRL) announced the stockholders of the company voted in favor of all proposals necessary for the closing of the previously announced merger between Brigham and Sitio Royalties. The merger is anticipated to close on December 29, 2022. Brigham stockholders will receive 1.133 shares of Snapper Merger Sub I for each share of Brigham and 1.133 shares of New Sitio Class C common stock for each share of Brigham Class B common stock owned. Brigham Minerals unitholders will receive 1.133 common units representing limited partnership interests in Sitio Royalties Operating Partnership for each unit in Opco owned.
Seeking Alpha • Nov 16

Brigham Minerals goes ex-dividend tomorrow

Brigham Minerals (NYSE:MNRL) had declared $0.81/share quarterly dividend, 5.2% increase from prior dividend of $0.77. Payable Nov. 25; for shareholders of record Nov. 18; ex-div Nov. 17. See MNRL Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Oct 28

Sitio Royalties And Brigham Minerals: Creating A $5 Billion Primarily Permian Minerals Company

Summary Sitio and Brigham are merging to create a $5.1 billion (at the latest share price) minerals company. The combined company is primarily Permian-focused, with the Permian accounting for 75% of total production and 86% of its inventory. The combined company may be able to generate $3.34 per share in free cash flow in 2023 at the current strip. The payout target is 65+%. The combined company has around $862 million in net debt due to various acquisitions. Sitio Royalties (STR) and Brigham Minerals (MNRL) are merging to create a combined company with an enterprise value of approximately $5.1 billion (based on Sitio's current share price). Sitio was formed from a merger of Falcon Minerals and Desert Peak in June, and this latest merger will result in a company with around 7x the production that standalone Falcon had in 2021. Overall the combined company looks roughly fairly priced for long-term (after 2023) $70 WTI oil, although it should also be able to offer a high-single digits yield for 2023 based on current strip and a 65% payout ratio. The Merger Brigham shareholders will receive 1.133 shares of common stock in the combined company for each Brigham common share they own. Brigham shareholders will end up owning 46% of the combined company and Brigham will nominate four of the nine directors for the Board of Directors of the combined company. Sitio shareholders will receive 1 share in the combined company for each Sitio share they own (resulting in 54% ownership of the combined company) and Sitio will nominate five directors. The combined company may have approximately 155 million diluted shares after the deal is complete. Sitio is contributing more than 54% of the net royalty acres, total production and oil production to the combined company, but is getting 54% of the shares due to it also contributing most of the net debt to the combined company. Combined Company Details The combined company had around $862 million in proforma net debt at the start of September 2022. Its Q2 2022 pro forma production was 32,761 BOEPD (52% oil) and it has 259,510 net royalty acres. Around 70% of the combined company's net royalty acres are located in the Permian. The Permian also accounts for around 75% of total production and around 81% of the combined company's oil production. As well, approximately 86% of the combined company's remaining net inventory is in the Permian. Another 9% is in the DJ Basin and 3% is in the Eagle Ford. Sitio's Inventory (sitio.com) Notes On Hedging At last report, Brigham Minerals did not have any hedges, but Sitio Royalties had some hedges, which are shown below. The combined company has around 18% of its 2023 oil production and 15% of its 2023 natural gas production hedged. At current 2023 strip of $81 to $82 WTI oil and $5.10 Henry Hub gas, the combined company's hedges have around $13 million in positive value. Its hedges for 2024 and the first half of 2025 also look to have some positive value at current strip. Sitio's Hedges (sitio.com) Potential 2023 Results I have modeled the combined company's potential 2023 results based on 33,500 BOEPD (50% oil) in average production. This is a slight increase over its expected production from Q3 2022 to Q2 2023. At current 2023 strip of $81 to $82 WTI oil and $5.10 Henry Hub gas, it would be projected to generate $684 million in revenues after hedges. Type Barrels/Mcf Realized $ Per Barrel/Mcf Revenue ($ Million) Oil (Barrels) 6,113,750 $81.00 $495 NGLs (Barrels) 2,445,500 $30.00 $73 Natural Gas [MCF] 22,009,500 $4.35 $96 Lease Bonus and Other Revenues $7 Hedge Value $13 Total $684 The combined company is thus estimated to generate $517 million (around $3.34 per diluted share) in positive cash flow at current 2023 strip. The combined company has a target payout ratio of 65+% of discretionary cash flow. $ Million Production Taxes $53 Gathering And Transportation $18 Cash G&A $21 Cash Interest $35 Cash Taxes $40 Total Expenses $167
Seeking Alpha • Sep 01

Brigham Minerals: Double-Digit Production Would Justify Higher Price Marks

Summary Brigham Minerals is focused on acquiring oil and gas mineral rights across the U.S. The company operates in some of the richest basins in the United States. In my view, the combination of more acquisitions and a further increase in net activity wells will likely enhance future production. The most interesting is the Delaware Basin, where management foresees seven or more producing zones. Brigham Minerals, Inc. (MNRL) is delivering double digit production growth, and expects to make more acquisition of rights in the near future. In my view, successful production in new zones in the DJ Basin and the Delaware Basin could bring much more proved reserves than expected. Even considering risks from failed geological models, failed acquisitions, and inflation, I believe that the current stock price is cheap. Brigham Minerals: Strong Drilled But Uncompleted Well Conversions And Beneficial Guidance Brigham Minerals is focused on acquiring oil and gas mineral rights across the U.S. The company operates in some of the richest basins in the United States: Our portfolio is comprised of mineral and royalty interests across six of the most highly economic, liquids-rich resource plays in the continental United States, including the Delaware and Midland Basins in West Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin in Oklahoma, the Denver-Julesburg Basin in Colorado and Wyoming and the Williston Basin in North Dakota. Source: 10-k I became very interested in Brigham because of its recent production reports. In the six months ended Jun 30, 2022, production increased by 39%, from 1621 million barrel of oil equivalent in June 2021 to 2268 MBoe in June 2022. Also, with a massive increase in the average price, up to $70/Boe, Brigham reported triple digit sales growth in the last six months. 10-Q The company explained the results by citing strong drilled but uncompleted well conversions in the Permian Basin. I really can't say whether production will be able to grow in the future due to more DUC conversions. However, I believe that there are many other catalysts for production: Our production volumes increased 8% sequentially to a record 13,019 Boe/d driven by continued strong DUC conversions, particularly conversions in the Permian Basin where production volumes grew by 24% sequentially. Source: Quarterly Report Press Release In my view, the combination of more acquisitions and further increase in net activity wells will likely enhance future production. In the past, the acquisition of interests in new regions was quite impressive: 10-k Let's note that Brigham Minerals reported 9% more production volumes than what was forecasted in February. In my view, the momentum will continue for some time if other factors like the oil price don't change much: When combined with our acquisition efforts, we were able to maintain an almost constant DUC inventory level even with the aforementioned strong conversions. Source: Quarterly Report Press Release In total, we ended the second quarter with 11.0 net activity wells in inventory and anticipate our production volumes for the full year 2022 to average between 12,300 and 13,000 Boe/d, which represents a 9% increase relative to our original guidance provided in February. Source: Quarterly Report Press Release The total amount of reserves is another beneficial feature of Brigham Minerals. From 2020 to 2021, the estimated total proved reserves increased by 42%. I really don't expect the company to deliver double digit growth every year. However, it is good noting that reservoir engineers and geologists are doing such great work. More reserves in the future will likely enhance the company's production figures. 10-k With the previous information in mind, many analysts out there are delivering fantastic guidance for Brigham Minerals. I had a look at their numbers for my financial models. The median operating margin would stand at close to 56%, and 2022 net sales would reach $373 million. Let's note that my financial figures are a bit more conservative than that of other financial analysts. With that, it is always good to check the general consensus in the market: marketscreener.com Balance Sheet Brigham Minerals reports $24 million in cash, net oil and gas properties of $711 million, and total assets worth $861 million. With very little debt and liabilities, I believe that the company's balance sheet is quite stable. 10-Q Long-term debt is equal to only $73 million, so management will likely receive debt financing if necessary. The list of liabilities is shown below: 10-Q Under My Base Case Scenario, The Implied Price Would Be $33-$34 Under this case scenario, I assumed that management would use the company's technical expertise to build and acquire new assets. As a result, the business model will little by little gain scale, which would enhance its FCF/Sales margin. In this regard, the most interesting is the Delaware Basin, where management foresees seven or more producing zones. Based on our geologic and engineering data as well as current delineation efforts by operators, we believe our mineral and royalty interests in the Delaware Basin are prospective for seven or more producing zones of economic horizontal development including the Wolfcamp A, B, C and XY; First, Second and Third Bone Spring; and the Avalon. Our Delaware Basin mineral and royalty interests are located in Reeves, Loving, Ward, Pecos, Culberson and Winkler Counties, Texas with our remaining interests located in Lea and Eddy Counties, New Mexico. Source: 10-k Besides, the company's engineers believe that the DJ Basin could offer at least four or more producing zones. Under this case scenario, I assumed that the company's geological models are sufficiently accurate: Based on our geologic and engineering interpretations as well as current delineation efforts by operators, we believe our mineral and royalty interests in the DJ Basin are prospective for four or more producing zones of economic horizontal development including the Niobrara A, B and C and Codell formations. Source: 10-k
분석 기사 • Aug 19

Analysts Are Betting On Brigham Minerals, Inc. (NYSE:MNRL) With A Big Upgrade This Week

Celebrations may be in order for Brigham Minerals, Inc. ( NYSE:MNRL ) shareholders, with the analysts delivering a...
Seeking Alpha • Aug 17

Brigham Minerals goes ex-dividend tomorrow

Brigham Minerals (NYSE:MNRL) declares $0.77/share quarterly dividend, 28.3% increase from prior dividend of $0.60. Forward yield 10.82% Payable Aug. 26; for shareholders of record Aug. 19; ex-div Aug. 18. See MNRL Dividend Scorecard, Yield Chart, & Dividend Growth.
분석 기사 • Aug 03

Brigham Minerals (NYSE:MNRL) Is Doing The Right Things To Multiply Its Share Price

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
분석 기사 • May 26

We Think Brigham Minerals (NYSE:MNRL) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • May 03

Brigham Minerals Offers Small-Cap Royalty Oil And Gas

Brigham Minerals is a $1.5 billion market cap company that owns oil and gas royalty interests across several US basins. The company paid a fixed + variable dividend that averaged 6.2% to Class A shareholders in 2021. In 2022, it aims for a 75-80% payout (fixed + variable dividends). The earnings date for 1Q22 results is Wednesday, May 4, 2022.
분석 기사 • Apr 25

There's Been No Shortage Of Growth Recently For Brigham Minerals' (NYSE:MNRL) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
분석 기사 • Jan 24

Is Brigham Minerals (NYSE:MNRL) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Dec 18

Brigham Minerals (NYSE:MNRL) Has Some Way To Go To Become A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
분석 기사 • Oct 08

Is Brigham Minerals (NYSE:MNRL) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Sep 08

Brigham Minerals: Slowing Growth, But A Stable Base Dividend

As American oil producing acreage trades hands at a fast pace with improved pricing, Brigham Minerals is buying less than it previously guided. Overall improvements and stability in the underlying price of West Texas Intermediate have drastically improved Brigham's financial metrics relative to 2020. A new dividend policy is comprised of a base distribution plus a variable amount. The base rate currently yields 3.1%, and the combined yield is in line with sector peers.
분석 기사 • Aug 08

Brigham Minerals (NYSE:MNRL) Is Paying Out A Larger Dividend Than Last Year

The board of Brigham Minerals, Inc. ( NYSE:MNRL ) has announced that it will be increasing its dividend on the 27th of...
분석 기사 • Jul 08

The Returns On Capital At Brigham Minerals (NYSE:MNRL) Don't Inspire Confidence

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
분석 기사 • May 04

These 4 Measures Indicate That Brigham Minerals (NYSE:MNRL) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
분석 기사 • Apr 07

Brigham Minerals (NYSE:MNRL) Will Will Want To Turn Around Its Return Trends

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Mar 17

Should You Take Comfort From Insider Transactions At Brigham Minerals, Inc. (NYSE:MNRL)?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
분석 기사 • Feb 27

Need To Know: Analysts Are Much More Bullish On Brigham Minerals, Inc. (NYSE:MNRL) Revenues

Celebrations may be in order for Brigham Minerals, Inc. ( NYSE:MNRL ) shareholders, with the analysts delivering a...
분석 기사 • Feb 19

Is Brigham Minerals, Inc. (NYSE:MNRL) A Good Dividend Stock?

Today we'll take a closer look at Brigham Minerals, Inc. ( NYSE:MNRL ) from a dividend investor's perspective. Owning a...
분석 기사 • Feb 01

Are Investors Undervaluing Brigham Minerals, Inc. (NYSE:MNRL) By 49%?

How far off is Brigham Minerals, Inc. ( NYSE:MNRL ) from its intrinsic value? Using the most recent financial data...
분석 기사 • Jan 11

If You Had Bought Brigham Minerals' (NYSE:MNRL) Shares A Year Ago You Would Be Down 34%

While not a mind-blowing move, it is good to see that the Brigham Minerals, Inc. ( NYSE:MNRL ) share price has gained...
분석 기사 • Dec 16

Does Brigham Minerals (NYSE:MNRL) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Nov 20

Should You Take Comfort From Insider Transactions At Brigham Minerals, Inc. (NYSE:MNRL)?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

주주 수익률

MNRLUS Oil and GasUS 시장
7D-2.3%-5.1%2.1%
1Y54.1%29.2%30.6%

수익률 대 산업: MNRL은 지난 1년 동안 29.2%의 수익을 기록한 US Oil and Gas 산업보다 더 좋은 성과를 냈습니다.

수익률 대 시장: MNRL은 지난 1년 동안 30.6%를 기록한 US 시장보다 더 좋은 성과를 냈습니다.

주가 변동성

Is MNRL's price volatile compared to industry and market?
MNRL volatility
MNRL Average Weekly Movement6.0%
Oil and Gas Industry Average Movement6.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

안정적인 주가: MNRL의 주가는 지난 3개월 동안 US 시장보다 변동성이 컸습니다.

시간에 따른 변동성: MNRL의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.

회사 소개

설립직원 수CEO웹사이트
201244Rob Roosawww.brighamminerals.net

Brigham Minerals, Inc. 기초 지표 요약

Brigham Minerals의 순이익과 매출은 시가총액과 어떻게 비교됩니까?
MNRL 기초 통계
시가총액US$1.96b
순이익 (TTM)US$127.98m
매출 (TTM)US$304.18m
13.8x
주가수익비율(P/E)
5.8x
주가매출비율(P/S)

MNRL는 고평가되어 있습니까?

공정 가치 및 평가 분석 보기

순이익 및 매출

최근 실적 보고서(TTM)의 주요 수익성 지표
MNRL 손익계산서 (TTM)
매출US$304.18m
매출원가US$27.54m
총이익US$276.64m
기타 비용US$148.67m
순이익US$127.98m

최근 보고된 실적

Sep 30, 2022

다음 실적 발표일

해당 없음

주당순이익(EPS)2.36
총이익률90.95%
순이익률42.07%
부채/자본 비율9.6%

MNRL의 장기 실적은 어땠습니까?

과거 실적 및 비교 보기

배당

10.0%
현재 배당 수익률
103%
배당 성향

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2022/12/30 20:28
종가2022/12/28 00:00
수익2022/09/30
연간 수익2021/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.

산업 및 섹터 지표

산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

Brigham Minerals, Inc.는 12명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Jeanine WaiBarclays
Kyle MayCapital One Securities, Inc.
Brian SingerGoldman Sachs