Brigham Minerals (MNRL) Update - May 22
Posted: Sat May 22, 2021 6:48 pm
I have updated my forecast/valuation model for MNRL and posted it to the EPG website.
MNRL closed at $17.87 on May 21. My valuation increases to $24/share.
This is a rapidly growing minerals company that should increase quarterly dividends as their operating cash flows go up.
Based on my forecast, this year's dividends should add up to approximately $1.50 for annual yield of 8.4% based on the May 21 price.
NONE of their production is hedged, so dividends go up or down with commodity prices.
What the Wall Street Gang thinks. Note that Raymond James is the only one dated after MNRL released Q1 results
Current Price Targets
$20.00 < Raymond James 5/6/2021
$17.00 < Barclays 4/29/2021
$22.00 < RBC Capital 4/22/2021
MNRL closed at $17.87 on May 21. My valuation increases to $24/share.
This is a rapidly growing minerals company that should increase quarterly dividends as their operating cash flows go up.
Based on my forecast, this year's dividends should add up to approximately $1.50 for annual yield of 8.4% based on the May 21 price.
NONE of their production is hedged, so dividends go up or down with commodity prices.
What the Wall Street Gang thinks. Note that Raymond James is the only one dated after MNRL released Q1 results
Current Price Targets
$20.00 < Raymond James 5/6/2021
$17.00 < Barclays 4/29/2021
$22.00 < RBC Capital 4/22/2021