Black Stone Minerals (NYSE:BSM) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Black Stone Minerals (NYSE:BSM) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

BSM has been the subject of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Black Stone Minerals has a consensus rating of “Hold” and a consensus target price of $13.00.

Black Stone Minerals Stock Up 0.3%

BSM opened at $13.38 on Tuesday. Black Stone Minerals has a 12 month low of $11.78 and a 12 month high of $15.60. The business has a 50-day moving average of $13.74 and a two-hundred day moving average of $13.06. 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 stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 11.63 and a beta of 0.13.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.12. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. The business had revenue of $132.47 million for the quarter, compared to analyst estimates of $106.20 million. On average, research analysts expect that Black Stone Minerals will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

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

Institutional Trading of Black Stone Minerals

Hedge funds have recently made changes to their positions in the company. Doliver Advisors LP boosted its stake in shares of Black Stone Minerals by 2.5% in the fourth quarter. Doliver Advisors LP now owns 35,024 shares of the oil and gas producer’s stock valued at $465,000 after purchasing an additional 850 shares during the period. Moors & Cabot Inc. grew its stake in shares of Black Stone Minerals by 1.4% during the second quarter. Moors & Cabot Inc. now owns 63,000 shares of the oil and gas producer’s stock valued at $824,000 after acquiring an additional 900 shares in the last quarter. MAS Advisors LLC lifted its stake in shares of Black Stone Minerals by 3.5% in the third quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock worth $356,000 after acquiring an additional 913 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Black Stone Minerals by 8.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 11,416 shares of the oil and gas producer’s stock worth $150,000 after acquiring an additional 927 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in Black Stone Minerals by 3.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 30,000 shares of the oil and gas producer’s stock valued at $394,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 14.49% of the company’s stock.

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.