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

Black Stone Minerals, L.P. (NYSE:BSM) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.00.

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a research report on Monday, December 29th. KeyCorp restated a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th. Finally, Zacks Research raised shares of Black Stone Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th.

Hedge Funds Weigh In On Black Stone Minerals

A number of institutional investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC bought a new stake in Black Stone Minerals during the second quarter valued at about $175,721,000. Bank of America Corp DE lifted its position in shares of Black Stone Minerals by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 2,600,182 shares of the oil and gas producer’s stock valued at $34,166,000 after buying an additional 56,368 shares in the last quarter. Penn Davis Mcfarland Inc. grew its stake in shares of Black Stone Minerals by 2.5% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 1,967,467 shares of the oil and gas producer’s stock valued at $26,148,000 after acquiring an additional 48,677 shares during the period. Investment Management Associates Inc. ADV grew its stake in shares of Black Stone Minerals by 22.6% during the 3rd quarter. Investment Management Associates Inc. ADV now owns 1,934,739 shares of the oil and gas producer’s stock valued at $25,422,000 after acquiring an additional 356,852 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Black Stone Minerals by 5.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 963,313 shares of the oil and gas producer’s stock worth $12,600,000 after acquiring an additional 49,818 shares in the last quarter. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Price Performance

NYSE BSM opened at $14.70 on Friday. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 12.78 and a beta of 0.13. Black Stone Minerals has a 1-year low of $11.78 and a 1-year high of $15.52. 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 business’s fifty day moving average price is $13.91 and its 200-day moving average price is $13.15.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $132.47 million during the quarter, compared to analysts’ expectations of $106.20 million. On average, equities analysts predict that Black Stone Minerals will post 1.36 earnings per share for the current year.

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.