Black Stone Minerals Stock Forecast, Price & News

Black Stone Minerals' stock was trading at $6.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BSM shares have decreased by 6.8% and is now trading at $6.05.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Stone Minerals in the last year. There are currently 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Black Stone Minerals is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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Black Stone Minerals will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Black Stone Minerals LP (NYSE:BSM) issued its earnings results on Monday, August, 3rd. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.17 by $0.24. The oil and gas producer had revenue of $38.53 million for the quarter, compared to analysts' expectations of $80.96 million. Black Stone Minerals had a return on equity of 22.91% and a net margin of 36.26%.
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Black Stone Minerals announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.15 per share on Friday, November 20th. This represents a $0.60 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend is Thursday, November 12th.
View Black Stone Minerals' dividend history.

7 brokerages have issued 12-month price targets for Black Stone Minerals' stock. Their forecasts range from $6.50 to $14.00. On average, they expect Black Stone Minerals' stock price to reach $10.57 in the next year. This suggests a possible upside of 74.7% from the stock's current price.
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Black Stone Minerals saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 992,000 shares, an increase of 11.5% from the September 30th total of 889,900 shares. Based on an average trading volume of 408,100 shares, the short-interest ratio is currently 2.4 days.
View Black Stone Minerals' Short Interest.

Some companies that are related to Black Stone Minerals include Continental Resources (CLR), Parsley Energy (PE), Diamondback Energy (FANG), Noble Energy (NBL), Noble Energy (NBL), Cenovus Energy (CVE), EQT (EQT), Devon Energy (DVN), Sasol (SSL), Apache (APA), Apache (APA), Marathon Oil (MRO), Cimarex Energy (XEC), WPX Energy (WPX) and Ovintiv (OVV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Black Stone Minerals investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), Ares Capital (ARCC), Alibaba Group (BABA), NVIDIA (NVDA), General Electric (GE), Baidu (BIDU), Mplx (MPLX) and USA Compression Partners (USAC).

(BSM) raised $450 million in an initial public offering (IPO) on Friday, May 1st 2015. The company issued 22,500,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse and Wells Fargo Securities served as the underwriters for the IPO and J.P. Morgan, Morgan Stanley, Raymond James, Scotia Howard Weil and Simmons & Company International were co-managers.

Black Stone Minerals trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSM."

Black Stone Minerals' stock is owned by many different institutional and retail investors. Top institutional investors include Cambridge Investment Research Advisors Inc. (0.18%), Clear Harbor Asset Management LLC (0.07%), Tri Star Advisors Inc. (0.04%), Envestnet Asset Management Inc. (0.03%), Icon Wealth Partners LLC (0.01%) and Parallel Advisors LLC (0.00%). Company insiders that own Black Stone Minerals stock include (Rick) Anthon Richard, Brock Morris, D Mark Dewalch, Dawn Smajstrla, Holbrook F Dorn, Jeffrey P Wood, Luke Stevens Putman, Marvin Jeffrey, Thomas L Carter Jr and William N Mathis.
View institutional ownership trends for Black Stone Minerals.

BSM stock was purchased by a variety of institutional investors in the last quarter, including Clear Harbor Asset Management LLC, Envestnet Asset Management Inc., Icon Wealth Partners LLC, Tri Star Advisors Inc., Parallel Advisors LLC, and Cambridge Investment Research Advisors Inc.. Company insiders that have bought Black Stone Minerals stock in the last two years include (Rick) Anthon Richard, D Mark Dewalch, Marvin Jeffrey, Thomas L Carter Jr, and William N Mathis.
View insider buying and selling activity for Black Stone Minerals.

Shares of BSM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BSM stock can currently be purchased for approximately $6.05.

Black Stone Minerals has a market capitalization of $1.25 billion and generates $487.82 million in revenue each year. The oil and gas producer earns $214.37 million in net income (profit) each year or $1.16 on an earnings per share basis.

The official website for Black Stone Minerals is www.blackstoneminerals.com.

Black Stone Minerals' mailing address is 1001 FANNIN STREET SUITE 2020, HOUSTON TX, 77002. The oil and gas producer can be reached via phone at 713-445-3200 or via email at [email protected]