News stories about Black Stone Minerals (NYSE:BSM) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Stone Minerals earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 45.5949770806453 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have weighed in on BSM shares. Zacks Investment Research raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, October 16th. Stifel Nicolaus reissued a “buy” rating and set a $18.00 target price on shares of Black Stone Minerals in a research report on Friday, September 22nd. Barclays set a $18.00 target price on shares of Black Stone Minerals and gave the company a “buy” rating in a research report on Thursday, December 14th. TheStreet downgraded shares of Black Stone Minerals from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Piper Jaffray Companies reduced their price objective on shares of Black Stone Minerals from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.00.
Black Stone Minerals (NYSE:BSM) opened at $18.63 on Friday. Black Stone Minerals has a twelve month low of $15.12 and a twelve month high of $19.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $3,700.00 and a price-to-earnings ratio of 28.66.
In other Black Stone Minerals news, CFO Jeffrey P. Wood sold 10,810 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $18.30, for a total transaction of $197,823.00. Following the transaction, the chief financial officer now directly owns 53,031 shares in the company, valued at approximately $970,467.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke Stevens Putman sold 23,170 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $18.28, for a total value of $423,547.60. Following the transaction, the senior vice president now owns 257,141 shares in the company, valued at $4,700,537.48. The disclosure for this sale can be found here. 25.00% of the stock is owned by company insiders.
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Black Stone Minerals Company Profile
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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