Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Brigham Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MNRL's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: MNRL underperformed the US Oil and Gas industry which returned -43.6% over the past year.
Return vs Market: MNRL underperformed the US Market which returned 6.7% over the past year.
Price Volatility Vs. Market
How volatile is Brigham Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StDowngrade: Here's How Analysts See Brigham Minerals, Inc. (NYSE:MNRL) Performing In The Near Term
2 months ago | Simply Wall StAnalysts Are Much More Bearish On Brigham Minerals, Inc. (NYSE:MNRL) Than They Used To Be
3 months ago | Simply Wall StCan Brigham Minerals, Inc. (NYSE:MNRL) Improve Its Returns?
Is Brigham Minerals undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MNRL ($11.22) is trading above our estimate of fair value ($9.99)
Significantly Below Fair Value: MNRL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MNRL is poor value based on its PE Ratio (34.4x) compared to the US Oil and Gas industry average (8x).
PE vs Market: MNRL is poor value based on its PE Ratio (34.4x) compared to the US market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: MNRL is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: MNRL's PB Ratio (0.7x) is in line with the US Oil and Gas industry average.
How is Brigham Minerals forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MNRL's forecast earnings growth (70% per year) is above the savings rate (2.2%).
Earnings vs Market: MNRL's earnings (70% per year) are forecast to grow faster than the US market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MNRL's revenue (11.3% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: MNRL's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MNRL's Return on Equity is forecast to be low in 3 years time (1.1%).
How has Brigham Minerals performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: MNRL has a high level of non-cash earnings.
Growing Profit Margin: MNRL's current net profit margins (8.9%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MNRL's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare MNRL's past year earnings growth to its 5-year average.
Earnings vs Industry: MNRL earnings growth over the past year (335.3%) exceeded the Oil and Gas industry -21.6%.
Return on Equity
High ROE: MNRL's Return on Equity (5.1%) is considered low.
How is Brigham Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: MNRL's short term assets ($58.0M) exceed its short term liabilities ($8.0M).
Long Term Liabilities: MNRL's short term assets ($58.0M) do not cover its long term liabilities ($242.0M).
Debt to Equity History and Analysis
Debt Level: MNRL is debt free.
Reducing Debt: MNRL had no debt 5 years ago.
Debt Coverage: MNRL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MNRL has no debt, therefore coverage of interest payments is not a concern.
What is Brigham Minerals's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MNRL's dividend (13.55%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: MNRL's dividend (13.55%) is in the top 25% of dividend payers in the US market (4.6%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether MNRL's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MNRL's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (432.2%), MNRL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MNRL's dividends in 3 years are not forecast to be well covered by earnings (241.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Roosa (50yo)
Mr. Robert M. Roosa, also known as Rob, has been Chief Executive Officer of Brigham Minerals, Inc. since July 2017 and serves as its Director since May 2018. He served as president of Brigham Minerals, Inc ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD6.20M) is above average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Rob's compensation has increased by more than 20% in the past year.
|CEO & Director||3yrs||US$6.20m||0.16% $1.1m|
|Chief Financial Officer||3yrs||US$2.91m||0.080% $520.8k|
|VP, General Counsel & Corporate Secretary||0.50yr||no data||0.0038% $25.0k|
|Vice President of Exploration for the Mid-Continent & Rocky Mountain Regions||no data||no data||no data|
|Vice President of Exploration for the Permian & Williston Basins||no data||no data||no data|
Experienced Management: MNRL's management team is considered experienced (3 years average tenure).
|CEO & Director||3yrs||US$6.20m||0.16% $1.1m|
|Independent Director||7.25yrs||US$224.57k||0.021% $137.9k|
|Founder & Executive Chairman||7.67yrs||US$7.80m||0.33% $2.2m|
|Independent Director||2.17yrs||US$224.57k||0.021% $137.9k|
|Independent Director||7.5yrs||US$243.32k||0.15% $994.3k|
|Independent Director||7.5yrs||US$224.57k||0.021% $137.9k|
|Independent Director||2.17yrs||US$239.57k||0.085% $554.6k|
|Independent Director||1.92yrs||US$224.57k||0.021% $137.9k|
|Independent Director||0.42yr||no data||no data|
Experienced Board: MNRL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.1%.
Brigham Minerals, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Brigham Minerals, Inc.
- Ticker: MNRL
- Exchange: NYSE
- Founded: 2012
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$655.029m
- Market Cap: US$440.912m
- Shares outstanding: 56.91m
- Website: https://www.brighamminerals.net
Number of Employees
- Brigham Minerals, Inc.
- 5914 West Courtyard Drive
- Suite 150
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MNRL||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Apr 2019|
|2TQ||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Apr 2019|
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 South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota. As of December 31, 2019, it had mineral and royalty interests in approximately 57,800 net mineral acres; and owned mineral and royalty interests in 4,908 gross productive horizontal wells, which consisted of 4,424 oil wells and 484 natural gas wells, as well as proved undeveloped reserves of 7,037 thousand barrels of oil; 28,498 million cubic feet of natural gas; and 3,344 thousand barrels of natural gas liquids for a total of 15,131 thousand barrels of oil equivalent. Brigham Minerals, Inc. was founded in 2012 and is headquartered in Austin, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 23:59|
|End of Day Share Price||2020/07/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.