Black Stone Minerals LP (NYSE:BSM) Given Consensus Recommendation of “Hold” by Analysts

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Black Stone Minerals LP (NYSE:BSM) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.80.

A number of research firms have issued reports on BSM. ValuEngine upgraded Black Stone Minerals from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Citigroup set a $16.00 price target on Black Stone Minerals and gave the company a “buy” rating in a research note on Monday, August 12th. TheStreet downgraded Black Stone Minerals from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Zacks Investment Research downgraded Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Co began coverage on Black Stone Minerals in a research note on Friday, October 4th. They set a “market perform” rating and a $19.00 price target for the company.

In related news, insider (Rick) Anthon Richard acquired 6,250,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was bought at an average cost of $0.01 per share, for a total transaction of $50,000.00. Insiders own 24.40% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its stake in shares of Black Stone Minerals by 251.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 70,387 shares of the oil and gas producer’s stock valued at $1,002,000 after acquiring an additional 50,387 shares during the period. Stifel Financial Corp boosted its stake in Black Stone Minerals by 48.4% in the 3rd quarter. Stifel Financial Corp now owns 109,507 shares of the oil and gas producer’s stock worth $1,559,000 after purchasing an additional 35,693 shares during the period. BBVA USA Bancshares Inc. bought a new position in Black Stone Minerals in the 3rd quarter worth approximately $295,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Black Stone Minerals by 275.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,000 shares of the oil and gas producer’s stock worth $214,000 after purchasing an additional 11,000 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Black Stone Minerals in the 3rd quarter worth approximately $61,000. Institutional investors own 23.90% of the company’s stock.

Shares of Black Stone Minerals stock traded down $0.01 during trading hours on Thursday, reaching $12.04. 214,559 shares of the stock traded hands, compared to its average volume of 218,290. The company has a 50 day moving average price of $12.54 and a 200 day moving average price of $14.26. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.30 and a beta of 0.53. Black Stone Minerals has a one year low of $11.25 and a one year high of $18.77. The company has a quick ratio of 5.27, a current ratio of 5.27 and a debt-to-equity ratio of 0.49.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $137.37 million during the quarter, compared to the consensus estimate of $137.62 million. Black Stone Minerals had a return on equity of 32.46% and a net margin of 48.19%. Sell-side analysts anticipate that Black Stone Minerals will post 1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.29%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 102.07%.

About Black Stone Minerals

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and 64 onshore basins in the continental United States.

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Analyst Recommendations for Black Stone Minerals (NYSE:BSM)

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