Black Stone Minerals, L.P. (NYSE:BSM) Given Consensus Recommendation of “Hold” by Brokerages

Black Stone Minerals, L.P. (NYSE:BSM) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.00.

A number of equities research analysts have issued reports on BSM shares. Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a research report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th. Finally, Zacks Research upgraded shares of Black Stone Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th.

Black Stone Minerals Trading Down 0.5%

BSM stock opened at $14.08 on Friday. The firm has a market cap of $2.98 billion, a PE ratio of 12.24 and a beta of 0.13. The firm has a fifty day moving average price of $13.85 and a 200 day moving average price of $13.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.37 and a current ratio of 4.37. Black Stone Minerals has a fifty-two week low of $11.78 and a fifty-two week high of $15.60.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. The firm had revenue of $132.47 million for the quarter, compared to the consensus estimate of $106.20 million. Sell-side analysts anticipate that Black Stone Minerals will post 1.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Black Stone Minerals

A number of institutional investors have recently modified their holdings of BSM. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Black Stone Minerals during the 2nd quarter valued at $175,721,000. Investment Management Associates Inc. ADV boosted its holdings in Black Stone Minerals by 22.6% in the third quarter. Investment Management Associates Inc. ADV now owns 1,934,739 shares of the oil and gas producer’s stock worth $25,422,000 after acquiring an additional 356,852 shares in the last quarter. ING Groep NV grew its stake in shares of Black Stone Minerals by 216.6% during the third quarter. ING Groep NV now owns 509,700 shares of the oil and gas producer’s stock worth $6,697,000 after acquiring an additional 348,700 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Black Stone Minerals during the third quarter valued at about $3,512,000. Finally, Kempner Capital Management Inc. increased its holdings in shares of Black Stone Minerals by 52.3% during the second quarter. Kempner Capital Management Inc. now owns 759,343 shares of the oil and gas producer’s stock valued at $9,932,000 after acquiring an additional 260,727 shares in the last quarter. 14.49% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.