Black Stone Minerals, L.P. (NYSE:BSM) Receives $13.00 Consensus Price Target from Brokerages

Black Stone Minerals, L.P. (NYSE:BSM) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.00.

BSM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday. Zacks Research upgraded Black Stone Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th.

Institutional Investors Weigh In On Black Stone Minerals

Institutional investors have recently made changes to their positions in the business. SVB Wealth LLC bought a new position in shares of Black Stone Minerals during the 1st quarter valued at $25,000. Newbridge Financial Services Group Inc. boosted its position in Black Stone Minerals by 71.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,981 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 1,245 shares during the period. Motco bought a new position in shares of Black Stone Minerals during the second quarter valued at about $46,000. Tower Research Capital LLC TRC increased its holdings in shares of Black Stone Minerals by 7,822.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer’s stock worth $95,000 after buying an additional 7,197 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Black Stone Minerals in the 2nd quarter valued at about $132,000. Hedge funds and other institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Trading Down 0.5%

Shares of BSM opened at $13.34 on Wednesday. Black Stone Minerals has a 1-year low of $11.78 and a 1-year high of $15.60. The company has a market capitalization of $2.83 billion, a P/E ratio of 11.60 and a beta of 0.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 4.37. The firm’s 50 day simple moving average is $13.66 and its 200 day simple moving average is $13.07.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $132.47 million for the quarter, compared to analyst estimates of $106.20 million. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. Sell-side analysts forecast that Black Stone Minerals will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, November 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date was Thursday, November 6th. Black Stone Minerals’s dividend payout ratio (DPR) is presently 104.35%.

About Black Stone Minerals

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.