Weekly Investment Analysts’ Ratings Updates for Black Stone Minerals (BSM)

Several brokerages have updated their recommendations and price targets on shares of Black Stone Minerals (NYSE: BSM) in the last few weeks:

• 12/8/2024 – Black Stone Minerals was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/30/2024 – Black Stone Minerals was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/22/2024 – Black Stone Minerals was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/18/2024 – Black Stone Minerals had its price target lowered by analysts at Piper Sandler from $15.00 to $14.00. They now have a “neutral” rating on the stock.
• 11/14/2024 – Black Stone Minerals was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/6/2024 – Black Stone Minerals was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Black Stone Minerals Stock Down 2.7 %

NYSE:BSM opened at $14.68 on Monday. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.06 and a beta of 0.96. Black Stone Minerals, L.P. has a 12-month low of $13.94 and a 12-month high of $16.92. The firm has a 50-day moving average price of $15.12 and a 200 day moving average price of $15.20.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.41 EPS for the quarter, topping 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 business had revenue of $134.86 million during 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, research analysts expect that Black Stone Minerals, L.P. will post 1.32 EPS for the current year.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 10.22%. The ex-dividend date was Friday, November 8th. Black Stone Minerals’s payout ratio is 92.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in Black Stone Minerals during the 3rd quarter valued at $54,000. Summit Securities Group LLC acquired a new stake in shares of Black Stone Minerals in the second quarter valued at $74,000. Financial Advocates Investment Management bought a new position in shares of Black Stone Minerals in the second quarter valued at about $159,000. Choreo LLC acquired a new position in Black Stone Minerals during the 2nd quarter worth about $205,000. Finally, BCS Wealth Management grew its holdings in Black Stone Minerals by 15.1% during the 3rd quarter. BCS Wealth Management now owns 14,130 shares of the oil and gas producer’s stock worth $213,000 after acquiring an additional 1,852 shares during the last quarter. Institutional investors own 14.49% of the company’s stock.

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.