Black Stone Minerals, L.P. (NYSE:BSM) Receives Consensus Recommendation of “Hold” from Analysts


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Black Stone Minerals, L.P. (NYSE:BSM) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.00.

Several equities analysts recently commented on BSM shares. Raymond James upgraded Black Stone Minerals from an “outperform” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research report on Wednesday, October 21st. Zacks Investment Research raised Black Stone Minerals from a “sell” rating to a “hold” rating in a research note on Wednesday, November 25th. ValuEngine raised Black Stone Minerals from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 5th. Finally, BidaskClub raised Black Stone Minerals from a “strong sell” rating to a “sell” rating in a research note on Saturday.

Several institutional investors have recently modified their holdings of the company. Tri Star Advisors Inc. raised its stake in Black Stone Minerals by 254.7% during the 4th quarter. Tri Star Advisors Inc. now owns 314,409 shares of the oil and gas producer’s stock worth $2,437,000 after acquiring an additional 225,776 shares during the period. Kempner Capital Management Inc. grew its holdings in Black Stone Minerals by 5.8% during the 4th quarter. Kempner Capital Management Inc. now owns 449,616 shares of the oil and gas producer’s stock valued at $3,003,000 after buying an additional 24,500 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Black Stone Minerals by 154.6% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 93,670 shares of the oil and gas producer’s stock valued at $575,000 after buying an additional 56,877 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in Black Stone Minerals during the 3rd quarter valued at approximately $149,000. Finally, State of Tennessee Treasury Department purchased a new stake in Black Stone Minerals during the 3rd quarter valued at approximately $49,000. Institutional investors own 19.11% of the company’s stock.

Shares of Black Stone Minerals stock traded down $0.01 during midday trading on Friday, hitting $7.82. 37,743 shares of the company were exchanged, compared to its average volume of 697,834. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market cap of $1.73 billion, a P/E ratio of 14.77 and a beta of 1.57. Black Stone Minerals has a 52 week low of $4.04 and a 52 week high of $13.06. The firm has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $6.74.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Saturday, November 7th. The oil and gas producer reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.20). The company had revenue of $43.74 million for the quarter, compared to the consensus estimate of $82.91 million. Black Stone Minerals had a return on equity of 16.85% and a net margin of 31.42%. Equities research analysts expect that Black Stone Minerals will post 0.56 earnings per share for the current year.

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 1.8 million acres, and overriding royalty interests in 1.7 million acres located in 41 states in the United States.

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Analyst Recommendations for Black Stone Minerals (NYSE:BSM)

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