Black Stone Minerals, L.P. (NYSE:BSM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Black Stone Minerals, L.P. (NYSE:BSM) have been given an average recommendation of “Hold” by the five analysts that are covering the firm, 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 price objective among brokers that have updated their coverage on the stock in the last year is $13.00.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Black Stone Minerals by 7.0% during the 1st quarter. Royal Bank of Canada now owns 119,894 shares of the oil and gas producer’s stock valued at $1,831,000 after purchasing an additional 7,818 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Black Stone Minerals during the 2nd quarter valued at about $135,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Black Stone Minerals during the second quarter valued at about $137,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Black Stone Minerals in the second quarter worth about $175,721,000. Finally, Arrow Investment Advisors LLC bought a new stake in shares of Black Stone Minerals in the second quarter worth about $143,000. 14.49% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Stock Performance

Black Stone Minerals stock opened at $14.08 on Friday. Black Stone Minerals has a twelve month low of $11.78 and a twelve month high of $15.60. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.98 billion, a P/E ratio of 12.24 and a beta of 0.13. The stock’s 50 day moving average is $13.85 and its 200 day moving average is $13.11.

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

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.