Black Stone Minerals (NYSE:BSM) Upgraded to “B” by TheStreet

Black Stone Minerals (NYSE:BSMGet Rating) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, January 27th. Piper Sandler lifted their target price on shares of Black Stone Minerals from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 7th. Finally, StockNews.com downgraded shares of Black Stone Minerals from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $33.40.

Shares of NYSE BSM opened at $14.83 on Thursday. The company’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $12.06. Black Stone Minerals has a 52-week low of $9.47 and a 52-week high of $15.73. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 19.77 and a beta of 1.25. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.12.

Black Stone Minerals (NYSE:BSMGet Rating) last posted its quarterly earnings results on Monday, February 21st. The oil and gas producer reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $179.42 million for the quarter, compared to analyst estimates of $104.66 million. Black Stone Minerals had a net margin of 50.66% and a return on equity of 29.37%. During the same period in the previous year, the business posted $0.12 earnings per share. Equities research analysts anticipate that Black Stone Minerals will post 1.43 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. raised its stake in shares of Black Stone Minerals by 5.6% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 132,907 shares of the oil and gas producer’s stock valued at $1,789,000 after acquiring an additional 6,992 shares during the period. Bristlecone Advisors LLC raised its stake in shares of Black Stone Minerals by 28.0% in the 1st quarter. Bristlecone Advisors LLC now owns 26,876 shares of the oil and gas producer’s stock valued at $362,000 after acquiring an additional 5,883 shares during the period. Howard Financial Services LTD. raised its stake in shares of Black Stone Minerals by 2.3% in the 1st quarter. Howard Financial Services LTD. now owns 80,873 shares of the oil and gas producer’s stock valued at $1,089,000 after acquiring an additional 1,846 shares during the period. Spirit of America Management Corp NY raised its stake in shares of Black Stone Minerals by 2.3% in the 1st quarter. Spirit of America Management Corp NY now owns 431,249 shares of the oil and gas producer’s stock valued at $5,805,000 after acquiring an additional 9,500 shares during the period. Finally, SG Capital Management LLC purchased a new stake in shares of Black Stone Minerals in the 1st quarter valued at approximately $509,000. 15.71% of the stock is currently owned by institutional investors and hedge funds.

About Black Stone Minerals (Get Rating)

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.

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