Black Stone Minerals (NYSE:BSM) Now Covered by KeyCorp

Equities research analysts at KeyCorp began coverage on shares of Black Stone Minerals (NYSE:BSM) in a research note issued to investors on Thursday, Benzinga reports. The brokerage set a “sector weight” rating on the oil and gas producer’s stock.

Separately, Piper Sandler boosted their price objective on Black Stone Minerals from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.33.

Black Stone Minerals Price Performance

Shares of Black Stone Minerals stock traded up $0.01 on Thursday, reaching $15.64. The company had a trading volume of 220,322 shares, compared to its average volume of 474,313. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 10.16 and a beta of 0.90. The firm’s 50-day moving average price is $15.94 and its two-hundred day moving average price is $15.95. Black Stone Minerals has a 1 year low of $14.88 and a 1 year high of $18.55.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). Black Stone Minerals had a net margin of 66.29% and a return on equity of 38.71%. The business had revenue of $105.49 million for the quarter, compared to analysts’ expectations of $119.50 million. As a group, analysts anticipate that Black Stone Minerals will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Black Stone Minerals

Several hedge funds have recently made changes to their positions in BSM. Citigroup Inc. lifted its holdings in shares of Black Stone Minerals by 9,778.6% in the 3rd quarter. Citigroup Inc. now owns 39,218 shares of the oil and gas producer’s stock worth $676,000 after buying an additional 38,821 shares during the period. Mariner LLC lifted its stake in shares of Black Stone Minerals by 241.0% during the 3rd quarter. Mariner LLC now owns 50,514 shares of the oil and gas producer’s stock worth $870,000 after purchasing an additional 35,702 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Black Stone Minerals by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 148,292 shares of the oil and gas producer’s stock worth $2,555,000 after purchasing an additional 2,405 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Black Stone Minerals during the 3rd quarter worth $212,000. Finally, Toroso Investments LLC lifted its stake in shares of Black Stone Minerals by 419.8% during the 3rd quarter. Toroso Investments LLC now owns 78,752 shares of the oil and gas producer’s stock worth $1,357,000 after purchasing an additional 63,601 shares during 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.