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

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

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

Black Stone Minerals Trading Up 0.1 %

NYSE:BSM traded up $0.01 during mid-day trading on Thursday, hitting $15.64. 220,322 shares of the company’s stock were exchanged, compared to its average volume of 474,313. Black Stone Minerals has a fifty-two week low of $14.88 and a fifty-two week high of $18.55. The company has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $15.95. The firm has a market capitalization of $3.29 billion, a P/E ratio of 10.16 and a beta of 0.90.

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

Hedge Funds Weigh In On Black Stone Minerals

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Black Stone Minerals by 8.4% during the 1st quarter. Tidal Investments LLC now owns 90,566 shares of the oil and gas producer’s stock worth $1,447,000 after acquiring an additional 7,006 shares during the last quarter. Cadence Bank boosted its holdings in Black Stone Minerals by 3.1% during the 1st quarter. Cadence Bank now owns 26,350 shares of the oil and gas producer’s stock worth $421,000 after acquiring an additional 784 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its holdings in Black Stone Minerals by 200.0% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 60,000 shares of the oil and gas producer’s stock worth $959,000 after acquiring an additional 40,000 shares during the last quarter. MAS Advisors LLC boosted its holdings in Black Stone Minerals by 56.7% during the 1st quarter. MAS Advisors LLC now owns 27,673 shares of the oil and gas producer’s stock worth $442,000 after acquiring an additional 10,014 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in Black Stone Minerals during the 1st quarter worth $2,560,000. 14.49% of the stock is owned by hedge funds and other institutional investors.

About Black Stone Minerals

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.