Black Stone Minerals (BSM) Stock Rating Upgraded by Zacks Investment Research

Black Stone Minerals (NYSE:BSM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $20.00 target price on the oil and gas producer’s stock. Zacks Investment Research‘s target price indicates a potential upside of 8.46% from the stock’s current price.

According to Zacks, “Black Stone Minerals, L.P. is the owner of oil and natural gas mineral primarily in the United States. Black Stone Minerals, L.P. is based in Houston, United States. “

BSM has been the subject of several other reports. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 target price on shares of Black Stone Minerals in a research note on Friday, September 22nd. Barclays set a $18.00 price target on Black Stone Minerals and gave the company a “buy” rating in a research note on Thursday, December 14th. TheStreet downgraded Black Stone Minerals from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Finally, Piper Jaffray Companies reduced their price target on Black Stone Minerals from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.00.

Shares of Black Stone Minerals (BSM) traded up $0.33 during midday trading on Wednesday, hitting $18.44. The stock had a trading volume of 194,300 shares, compared to its average volume of 244,033. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.98 and a quick ratio of 1.98. Black Stone Minerals has a one year low of $15.12 and a one year high of $19.55. The company has a market cap of $3,670.00 and a P/E ratio of 28.37.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSM. Freestone Capital Holdings LLC boosted its stake in Black Stone Minerals by 64.5% in the 2nd quarter. Freestone Capital Holdings LLC now owns 110,209 shares of the oil and gas producer’s stock valued at $1,737,000 after purchasing an additional 43,209 shares during the period. Alliancebernstein L.P. raised its holdings in Black Stone Minerals by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 18,468 shares of the oil and gas producer’s stock valued at $291,000 after acquiring an additional 1,034 shares in the last quarter. EdgePoint Investment Group Inc. acquired a new position in Black Stone Minerals in the 2nd quarter valued at $3,392,000. GSA Capital Partners LLP raised its holdings in Black Stone Minerals by 194.4% in the 2nd quarter. GSA Capital Partners LLP now owns 143,100 shares of the oil and gas producer’s stock valued at $2,255,000 after acquiring an additional 94,495 shares in the last quarter. Finally, FMR LLC raised its holdings in Black Stone Minerals by 7.7% in the 2nd quarter. FMR LLC now owns 1,766,800 shares of the oil and gas producer’s stock valued at $27,845,000 after acquiring an additional 127,052 shares in the last quarter. Institutional investors and hedge funds own 21.98% of the company’s stock.

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About Black Stone Minerals

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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