Stifel Nicolaus began coverage on shares of Black Stone Minerals (NYSE:BSM) in a report issued on Wednesday morning. The brokerage issued a hold rating and a $19.00 price objective on the oil and gas producer’s stock.
Several other brokerages have also commented on BSM. TheStreet lowered Black Stone Minerals from a b- rating to a c rating in a research note on Monday, October 30th. Zacks Investment Research lowered Black Stone Minerals from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Finally, Barclays set a $18.00 price target on Black Stone Minerals and gave the company a buy rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $19.40.
Black Stone Minerals (BSM) opened at $18.54 on Wednesday. Black Stone Minerals has a 12 month low of $15.12 and a 12 month high of $19.05. The company has a market capitalization of $1,917.00, a price-to-earnings ratio of 21.81 and a beta of 0.30. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.46.
Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings results on Monday, November 6th. The oil and gas producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Black Stone Minerals had a return on equity of 11.44% and a net margin of 21.57%. sell-side analysts expect that Black Stone Minerals will post 0.77 earnings per share for the current year.
In related news, CFO Jeffrey P. Wood sold 10,810 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $18.30, for a total value of $197,823.00. Following the sale, the chief financial officer now owns 53,031 shares in the company, valued at approximately $970,467.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke Stevens Putman sold 23,170 shares of the business’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 completion of the sale, the senior vice president now owns 257,141 shares in the company, valued at approximately $4,700,537.48. The disclosure for this sale can be found here. 25.00% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Black Stone Minerals by 7.7% in the 2nd quarter. FMR LLC now owns 1,766,800 shares of the oil and gas producer’s stock valued at $27,845,000 after buying an additional 127,052 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Black Stone Minerals by 54.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,541,051 shares of the oil and gas producer’s stock valued at $24,287,000 after buying an additional 545,689 shares during the period. Yost Capital Management L.L.C. raised its holdings in shares of Black Stone Minerals by 17.3% in the 2nd quarter. Yost Capital Management L.L.C. now owns 153,792 shares of the oil and gas producer’s stock valued at $2,424,000 after buying an additional 22,669 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Black Stone Minerals by 10.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 613,870 shares of the oil and gas producer’s stock valued at $10,645,000 after buying an additional 60,175 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in shares of Black Stone Minerals in the 3rd quarter valued at $478,000. Hedge funds and other institutional investors own 21.98% of the company’s stock.
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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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