Brigham Minerals Inc. Class A Up 4.56% To $31.88 After Earnings Miss

Brigham Minerals Inc. Class A (MNRL) said after close Thursday that it earned $0.69 per share in quarter three 2022.

On the revenue line, the company reported $94.2 million, beating estimates by $6.1 million.

In the same quarter a year ago, the company earned $0.31 per share on revenue of $42 million.

The stock is up 4.56% to $31.88 after the report.

Brigham Minerals Inc. Class A's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Brigham Minerals Inc. Class A has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 93, putting Brigham Minerals Inc. Class A in the top 25% of stocks. The firm set a 52-week high on June 8, 2022 at $33.64 and set a 52-week low on December 20, 2021 at $19.37.

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.