Shares of Brigham Minerals Inc. Class A (NYSE:MNRL) traded today at $23.00, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 228,000 shares traded hands, while the average 30-day volume is approximately 253,000 shares.
Potential upside of 64.9% exists for Brigham Minerals Inc. Class A, based on a current level of $22.34 and analysts’ average consensus price target of $36.83.
Brigham Minerals Inc is a mineral acquisition company focused on acquiring oil and gas mineral rights in the United States. Its portfolio is comprised of mineral and royalty interests in the continental United States, including the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the Denver-Julesburg Basin in Colorado and Wyoming and the Williston Basin in North Dakota.
Brigham Minerals Inc. Class A share prices have moved between a 52-week high of $23.00 and a 52-week low of $8.26 and are now trading 170% above that low price at $22.34 per share.
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