Piper Sandler Boosts Black Stone Minerals (NYSE:BSM) Price Target to $16.00

Black Stone Minerals (NYSE:BSM) had its target price lifted by analysts at Piper Sandler from $14.00 to $16.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Piper Sandler’s price target suggests a potential upside of 8.51% from the stock’s current price.

Separately, StockNews.com lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Black Stone Minerals Stock Performance

NYSE:BSM opened at $14.75 on Thursday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.10 and a beta of 0.92. Black Stone Minerals has a 52 week low of $13.78 and a 52 week high of $16.92. The firm has a 50-day moving average price of $14.94 and a two-hundred day moving average price of $14.89.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The company had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $115.46 million. As a group, sell-side analysts forecast that Black Stone Minerals will post 1.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Alpha Wealth Funds LLC purchased a new position in Black Stone Minerals in the 4th quarter valued at approximately $359,000. Vident Advisory LLC grew its stake in Black Stone Minerals by 2.7% in the 4th quarter. Vident Advisory LLC now owns 31,738 shares of the oil and gas producer’s stock valued at $463,000 after buying an additional 846 shares in the last quarter. State of Wyoming purchased a new position in Black Stone Minerals in the 4th quarter valued at approximately $107,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Black Stone Minerals in the 4th quarter valued at approximately $411,000. Finally, Eagle Global Advisors LLC grew its stake in Black Stone Minerals by 61.9% in the 4th quarter. Eagle Global Advisors LLC now owns 149,940 shares of the oil and gas producer’s stock valued at $2,189,000 after buying an additional 57,318 shares in the last quarter. 14.49% of the stock is currently owned by hedge funds and other 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.