Black Stone Minerals (NYSE:BSM) Receives "Hold (C-)" Rating from Weiss Ratings

Key Points

• Black Stone Minerals has received a "Hold (C-)" rating from Weiss Ratings, indicating a cautious perspective on the stock's future performance.
• Piper Sandler has lowered its price target for Black Stone Minerals from $14.00 to $13.00, aligning with the average consensus price target across analysts.
• CEO Thomas L. Carter, Jr. recently purchased 14,000 shares of the company's stock, increasing his ownership and signaling confidence in the firm.

Black Stone Minerals (NYSE:BSM - Get Free Report)'s stock had its "hold (c-)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Piper Sandler lowered their price target on Black Stone Minerals from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $13.00.

Black Stone Minerals Stock Performance

BSM traded down $0.14 during trading on Wednesday, reaching $13.37. 365,284 shares of the company's stock were exchanged, compared to its average volume of 455,554. Black Stone Minerals has a fifty-two week low of $11.78 and a fifty-two week high of $15.66. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $12.58 and a 200 day moving average price of $13.30. The company has a market capitalization of $2.83 billion, a P/E ratio of 11.53 and a beta of 0.24.

Black Stone Minerals (NYSE:BSM - Get Free Report) last issued its earnings results on Monday, August 4th. The oil and gas producer reported $0.53 EPS for the quarter, beating the consensus estimate of $0.30 by $0.23. Black Stone Minerals had a net margin of 61.21% and a return on equity of 39.67%. The company had revenue of $159.49 million for the quarter, compared to the consensus estimate of $112.19 million. As a group, analysts predict that Black Stone Minerals will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Black Stone Minerals news, CEO Thomas L. Carter, Jr. acquired 14,000 shares of Black Stone Minerals stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of $12.59 per share, with a total value of $176,260.00. Following the completion of the purchase, the chief executive officer directly owned 3,512,701 shares of the company's stock, valued at $44,224,905.59. This represents a 0.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought 163,080 shares of company stock valued at $1,983,910 over the last quarter. Company insiders own 17.80% of the company's stock.

Institutional Investors Weigh In On Black Stone Minerals

A number of hedge funds have recently added to or reduced their stakes in BSM. Doliver Advisors LP increased its holdings in shares of Black Stone Minerals by 8.9% during the third quarter. Doliver Advisors LP now owns 34,174 shares of the oil and gas producer's stock valued at $449,000 after acquiring an additional 2,800 shares in the last quarter. Corient Private Wealth LLC boosted its position in Black Stone Minerals by 50.2% in the second quarter. Corient Private Wealth LLC now owns 174,476 shares of the oil and gas producer's stock worth $2,282,000 after purchasing an additional 58,277 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Black Stone Minerals by 71.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,981 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 1,245 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Black Stone Minerals by 207.6% during the 2nd quarter. Advisory Services Network LLC now owns 48,375 shares of the oil and gas producer's stock valued at $606,000 after buying an additional 32,650 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Black Stone Minerals by 7,822.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer's stock valued at $95,000 after buying an additional 7,197 shares during the last quarter. 14.49% of the stock is currently owned by 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.

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