Black Stone Minerals (NYSE:BSM) Rating Lowered to “Hold” at StockNews.com

Black Stone Minerals (NYSE:BSM) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Sunday.

Separately, Piper Sandler reduced their price objective on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th.

Black Stone Minerals Stock Down 2.7 %

BSM stock opened at $14.68 on Friday. Black Stone Minerals has a twelve month low of $13.94 and a twelve month high of $16.92. The stock has a market cap of $3.09 billion, a P/E ratio of 9.06 and a beta of 0.96. The business’s 50-day moving average price is $15.12 and its 200-day moving average price is $15.20.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The company had revenue of $134.86 million for the quarter, compared to the consensus estimate of $117.68 million. During the same quarter last year, the company earned $0.27 EPS. On average, equities research analysts expect that Black Stone Minerals will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BSM. EP Wealth Advisors LLC acquired a new position in Black Stone Minerals during the 3rd quarter valued at about $417,000. Stifel Financial Corp increased its position in Black Stone Minerals by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer’s stock valued at $2,624,000 after buying an additional 15,236 shares in the last quarter. HighTower Advisors LLC increased its position in Black Stone Minerals by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 404,828 shares of the oil and gas producer’s stock valued at $6,113,000 after buying an additional 6,898 shares in the last quarter. Hilltop Holdings Inc. increased its position in Black Stone Minerals by 47.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 19,300 shares of the oil and gas producer’s stock valued at $291,000 after buying an additional 6,200 shares in the last quarter. Finally, Cadence Bank increased its holdings in shares of Black Stone Minerals by 2.6% in the third quarter. Cadence Bank now owns 27,650 shares of the oil and gas producer’s stock valued at $418,000 after purchasing an additional 689 shares during the period. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Company Profile

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 1.6 million gross acres located in 41 states in the United States.