Shares of Black Stone Minerals, L.P. (NYSE:BSM) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.50.

Several research firms have recently weighed in on BSM. TheStreet downgraded Black Stone Minerals, L.P. from a “b-” rating to a “c” rating in a report on Monday. Zacks Investment Research downgraded Black Stone Minerals, L.P. from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Piper Jaffray Companies reduced their target price on Black Stone Minerals, L.P. from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 target price on shares of Black Stone Minerals, L.P. in a report on Friday, September 22nd. Finally, Scotiabank set a $20.00 target price on Black Stone Minerals, L.P. and gave the company a “hold” rating in a report on Saturday, July 22nd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in Black Stone Minerals, L.P. by 7.7% during the 2nd quarter. FMR LLC now owns 1,766,800 shares of the oil and gas producer’s stock valued at $27,845,000 after acquiring an additional 127,052 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Black Stone Minerals, L.P. by 54.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,541,051 shares of the oil and gas producer’s stock valued at $24,287,000 after acquiring an additional 545,689 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in Black Stone Minerals, L.P. during the 2nd quarter valued at approximately $8,726,000. EdgePoint Investment Group Inc. purchased a new stake in Black Stone Minerals, L.P. during the 2nd quarter valued at approximately $3,392,000. Finally, Yost Capital Management L.L.C. raised its stake in Black Stone Minerals, L.P. by 17.3% during the 2nd quarter. Yost Capital Management L.L.C. now owns 153,792 shares of the oil and gas producer’s stock valued at $2,424,000 after acquiring an additional 22,669 shares during the last quarter. 21.29% of the stock is owned by hedge funds and other institutional investors.

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Black Stone Minerals, L.P. (NYSE:BSM) last posted its earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. Black Stone Minerals, L.P. had a return on equity of 12.67% and a net margin of 22.71%. The business had revenue of $120.52 million during the quarter, compared to the consensus estimate of $95.87 million.

Black Stone Minerals, L.P. Company Profile

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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