Black Stone Minerals (NYSE:BSM) Stock Rating Lowered by StockNews.com

Black Stone Minerals (NYSE:BSMGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other brokerages have also weighed in on BSM. Wells Fargo & Company increased their target price on Black Stone Minerals from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James raised their price target on Black Stone Minerals from $16.00 to $22.00 and gave the company a “strong-buy” rating in a report on Monday, April 25th. Piper Sandler raised their price target on Black Stone Minerals from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 7th. Zacks Investment Research raised Black Stone Minerals from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, January 27th. Finally, TheStreet raised Black Stone Minerals from a “c” rating to a “b” rating in a report on Thursday, April 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $17.25.

NYSE BSM traded down $0.01 during trading hours on Tuesday, hitting $15.24. The company had a trading volume of 328,803 shares, compared to its average volume of 637,279. Black Stone Minerals has a fifty-two week low of $9.47 and a fifty-two week high of $16.35. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $14.56 and a 200-day simple moving average of $12.51. The firm has a market cap of $3.19 billion, a P/E ratio of 23.81 and a beta of 1.04.

Black Stone Minerals (NYSE:BSMGet Rating) last issued its earnings results on Monday, May 2nd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.39). Black Stone Minerals had a return on equity of 36.66% and a net margin of 47.53%. During the same period last year, the business earned $0.16 earnings per share. Equities analysts forecast that Black Stone Minerals will post 1.54 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Steward Financial Group LLC acquired a new stake in shares of Black Stone Minerals during the 4th quarter worth approximately $32,000. CI Investments Inc. acquired a new stake in Black Stone Minerals in the 1st quarter valued at $40,000. Chilton Capital Management LLC acquired a new stake in Black Stone Minerals in the 4th quarter valued at $71,000. Covestor Ltd acquired a new stake in Black Stone Minerals in the 1st quarter valued at $77,000. Finally, Guardian Wealth Management Inc. acquired a new stake in Black Stone Minerals in the 4th quarter valued at $102,000. 16.55% of the stock is currently owned by institutional investors.

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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