Black Stone Minerals (BSM) Raised to “Buy” at Stifel Nicolaus

Black Stone Minerals (NYSE:BSM) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, May 8th, MarketBeat.com reports. The firm currently has a $20.00 price target on the oil and gas producer’s stock, up from their prior price target of $18.00. Stifel Nicolaus’ price objective suggests a potential upside of 8.93% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Citigroup reduced their target price on shares of Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, March 28th. Finally, TheStreet raised shares of Black Stone Minerals from a “c” rating to a “b-” rating in a report on Monday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Black Stone Minerals presently has an average rating of “Hold” and a consensus target price of $19.50.

Shares of Black Stone Minerals traded down $0.04, reaching $18.36, during mid-day trading on Tuesday, according to MarketBeat. The company’s stock had a trading volume of 2,955 shares, compared to its average volume of 154,604. Black Stone Minerals has a 1-year low of $18.18 and a 1-year high of $18.38. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 18.22 and a beta of 0.39. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.55.



Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, May 7th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.23. The firm had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $106.00 million. Black Stone Minerals had a net margin of 20.78% and a return on equity of 11.19%. equities research analysts expect that Black Stone Minerals will post 0.88 EPS for the current year.

In other Black Stone Minerals news, VP Dawn Smajstrla sold 6,664 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $17.23, for a total transaction of $114,820.72. Following the sale, the vice president now directly owns 23,514 shares in the company, valued at approximately $405,146.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Stevens Putman sold 25,000 shares of the business’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $17.53, for a total transaction of $438,250.00. Following the completion of the sale, the senior vice president now owns 277,367 shares in the company, valued at $4,862,243.51. The disclosure for this sale can be found here. Insiders sold a total of 56,664 shares of company stock worth $985,821 over the last ninety days. Corporate insiders own 25.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BSM. Bank of Montreal Can raised its stake in Black Stone Minerals by 6.3% in the 4th quarter. Bank of Montreal Can now owns 90,527 shares of the oil and gas producer’s stock valued at $1,624,000 after purchasing an additional 5,327 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Black Stone Minerals during the 4th quarter valued at about $221,000. CI Global Investments Inc. increased its stake in shares of Black Stone Minerals by 71.8% during the 4th quarter. CI Global Investments Inc. now owns 2,808,151 shares of the oil and gas producer’s stock valued at $50,378,000 after acquiring an additional 1,173,754 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Black Stone Minerals by 432.5% during the 4th quarter. Wells Fargo & Company MN now owns 27,704 shares of the oil and gas producer’s stock valued at $497,000 after acquiring an additional 22,501 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Black Stone Minerals during the 4th quarter valued at about $170,000. 10.66% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.

Analyst Recommendations for Black Stone Minerals (NYSE:BSM)

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