Black Stone Minerals, L.P. (NYSE:BSM) Receives $13.00 Average PT from Analysts

Black Stone Minerals, L.P. (NYSE:BSM) has received an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.00.

A number of research analysts recently weighed in on BSM shares. KeyCorp reissued a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. Zacks Research raised shares of Black Stone Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th.

Black Stone Minerals Trading Up 0.9%

Shares of Black Stone Minerals stock opened at $14.22 on Friday. Black Stone Minerals has a twelve month low of $11.78 and a twelve month high of $15.60. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $13.87 and a 200-day moving average price of $13.12. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 12.37 and a beta of 0.13.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12. Black Stone Minerals had a return on equity of 40.08% and a net margin of 61.31%.The business had revenue of $132.47 million during the quarter, compared to analysts’ expectations of $106.20 million. Equities research analysts anticipate that Black Stone Minerals will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Black Stone Minerals

Several large investors have recently added to or reduced their stakes in BSM. Kempner Capital Management Inc. raised its position in Black Stone Minerals by 52.3% in the 2nd quarter. Kempner Capital Management Inc. now owns 759,343 shares of the oil and gas producer’s stock worth $9,932,000 after purchasing an additional 260,727 shares during the period. Tweedy Browne Co LLC bought a new position in shares of Black Stone Minerals during the second quarter valued at approximately $273,000. Global Retirement Partners LLC bought a new position in shares of Black Stone Minerals during the second quarter valued at approximately $385,000. Grandfield & Dodd LLC purchased a new stake in shares of Black Stone Minerals in the second quarter worth approximately $397,000. Finally, Investment Management Associates Inc. ADV lifted its stake in shares of Black Stone Minerals by 2.8% during the 2nd quarter. Investment Management Associates Inc. ADV now owns 1,577,887 shares of the oil and gas producer’s stock worth $20,639,000 after acquiring an additional 42,553 shares during the last quarter. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.