News stories about Black Stone Minerals (NYSE:BSM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Stone Minerals earned a news impact score of 0.07 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 45.8224797982638 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
BSM has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Barclays set a $18.00 price objective on shares of Black Stone Minerals and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus set a $18.00 target price on shares of Black Stone Minerals and gave the company a “hold” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Black Stone Minerals currently has an average rating of “Hold” and an average target price of $19.17.
Shares of Black Stone Minerals stock traded up $0.01 during trading on Friday, reaching $16.91. 257,540 shares of the company traded hands, compared to its average volume of 114,586. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.51. Black Stone Minerals has a 1-year low of $15.12 and a 1-year high of $19.03. The company has a market capitalization of $3,376.01, a PE ratio of 16.74 and a beta of 0.40.
Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, February 26th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Black Stone Minerals had a net margin of 22.90% and a return on equity of 12.93%. The company had revenue of $95.44 million for the quarter, compared to analyst estimates of $106.55 million. sell-side analysts expect that Black Stone Minerals will post 0.81 EPS for the current fiscal year.
In other Black Stone Minerals news, CEO Thomas L. Carter, Jr. acquired 14,240 shares of the stock in a transaction on Thursday, March 1st. The shares were purchased at an average price of $17.26 per share, for a total transaction of $245,782.40. Following the completion of the acquisition, the chief executive officer now owns 972,182 shares in the company, valued at approximately $16,779,861.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey P. Wood sold 10,810 shares of the company’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 owns 53,031 shares in the company, valued at approximately $970,467.30. The disclosure for this sale can be found here. Insiders have sold a total of 65,644 shares of company stock worth $1,168,941 in the last quarter. 25.00% of the stock is owned by corporate 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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