Black Stone Minerals (NYSE:BSM) Downgraded by StockNews.com

StockNews.com lowered shares of Black Stone Minerals (NYSE:BSMGet Rating) from a buy rating to a hold rating in a research report released on Tuesday.

A number of other equities analysts have also recently commented on BSM. TheStreet raised shares of Black Stone Minerals from a c rating to a b rating in a report on Thursday, April 21st. Zacks Investment Research raised shares of Black Stone Minerals from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Thursday, January 27th. Piper Sandler lifted their target price on shares of Black Stone Minerals from $13.00 to $16.00 and gave the company a neutral rating in a report on Thursday, April 7th. Raymond James lifted their target price on shares of Black Stone Minerals from $16.00 to $22.00 and gave the company a strong-buy rating in a report on Monday, April 25th. Finally, Wells Fargo & Company lifted their target price on shares of Black Stone Minerals from $18.00 to $19.00 and gave the company an overweight rating in a report on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $17.25.

BSM stock opened at $16.05 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. Black Stone Minerals has a twelve month low of $9.47 and a twelve month high of $16.35. The company’s 50 day moving average is $14.79 and its two-hundred day moving average is $12.58. The stock has a market cap of $3.36 billion, a P/E ratio of 25.08 and a beta of 1.04.

Black Stone Minerals (NYSE:BSMGet Rating) last released its quarterly earnings data on Monday, May 2nd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.39). Black Stone Minerals had a return on equity of 36.66% and a net margin of 47.53%. During the same quarter last year, the firm posted $0.16 EPS. On average, equities research analysts predict that Black Stone Minerals will post 1.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, May 13th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 9.97%. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, May 12th. Black Stone Minerals’s dividend payout ratio (DPR) is 250.00%.

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in Black Stone Minerals by 19.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 140,697 shares of the oil and gas producer’s stock valued at $1,894,000 after buying an additional 22,507 shares during the last quarter. O Brien Greene & Co. Inc grew its position in Black Stone Minerals by 25.0% in the 1st quarter. O Brien Greene & Co. Inc now owns 100,000 shares of the oil and gas producer’s stock valued at $1,346,000 after buying an additional 20,000 shares during the last quarter. Linscomb & Williams Inc. grew its position in Black Stone Minerals by 7.3% in the 1st quarter. Linscomb & Williams Inc. now owns 11,801 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 801 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Black Stone Minerals by 43.5% during the 1st quarter. Royal Bank of Canada now owns 109,385 shares of the oil and gas producer’s stock worth $1,472,000 after purchasing an additional 33,156 shares in the last quarter. Finally, Family Management Corp boosted its position in shares of Black Stone Minerals by 57.6% during the 1st quarter. Family Management Corp now owns 147,895 shares of the oil and gas producer’s stock worth $1,991,000 after purchasing an additional 54,064 shares in the last quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock.

Black Stone Minerals Company Profile (Get Rating)

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.

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