Inventory analysts at KeyCorp assumed protection on shares of Black Stone Minerals (NYSE:BSM – Get Ranking) in a report issued on Monday, The Fly studies. The agency set an “chubby” score on the oil and fuel producer’s inventory.
Numerous different equities analysis analysts have additionally issued studies on BSM. StockNews.com raised Black Stone Minerals from a “maintain” score to a “purchase” score in a analysis report on Saturday, August sixth. TheStreet raised Black Stone Minerals from a “c+” score to a “b” score in a analysis report on Friday, September 2nd. Lastly, Wells Fargo & Firm boosted their value goal on Black Stone Minerals from $18.00 to $19.00 and gave the inventory an “chubby” score in a analysis report on Monday, Could twenty third. One analysis analyst has rated the inventory with a maintain score, three have assigned a purchase score and one has issued a powerful purchase score to the corporate’s inventory. In line with information from MarketBeat, the inventory presently has a mean score of “Purchase” and a mean goal value of $19.00.
Black Stone Minerals Buying and selling Up 1.4 %
Black Stone Minerals inventory traded up $0.22 throughout mid-day buying and selling on Monday, hitting $15.92. The inventory had a buying and selling quantity of 8,763 shares, in comparison with its common quantity of 659,895. The inventory has a market capitalization of $3.57 billion, a PE ratio of 13.49 and a beta of 1.07. The corporate has a present ratio of 1.25, a fast ratio of 1.25 and a debt-to-equity ratio of 0.12. The inventory has a 50-day easy shifting common of $15.23 and a two-hundred day easy shifting common of $14.76. Black Stone Minerals has a 12 month low of $9.70 and a 12 month excessive of $17.36.
Black Stone Minerals (NYSE:BSM – Get Ranking) final launched its quarterly earnings outcomes on Monday, August 1st. The oil and fuel producer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The corporate had income of $180.37 million for the quarter, in comparison with analyst estimates of $156.08 million. Black Stone Minerals had a return on fairness of 41.83% and a internet margin of 60.34%. Throughout the identical quarter final yr, the agency posted $0.25 earnings per share. As a gaggle, sell-side analysts forecast that Black Stone Minerals will submit 1.65 EPS for the present yr.
Insiders Place Their Bets
In different information, CEO Thomas L. Carter, Jr. bought 25,000 shares of Black Stone Minerals inventory in a transaction that occurred on Wednesday, September 14th. The inventory was acquired at a mean price of $16.39 per share, for a complete transaction of $409,750.00. Following the acquisition, the chief government officer now straight owns 2,273,012 shares of the corporate’s inventory, valued at roughly $37,254,666.68. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is offered at this hyperlink. In different information, CEO Thomas L. Carter, Jr. purchased 20,000 shares of the inventory in a transaction on Thursday, August 4th. The inventory was acquired at a mean value of $14.90 per share, with a complete worth of $298,000.00. Following the acquisition, the chief government officer now straight owns 2,168,012 shares within the firm, valued at $32,303,378.80. The transaction was disclosed in a doc filed with the SEC, which is offered via this hyperlink. Additionally, CEO Thomas L. Carter, Jr. purchased 25,000 shares of the inventory in a transaction on Wednesday, September 14th. The inventory was bought at a mean price of $16.39 per share, with a complete worth of $409,750.00. Following the acquisition, the chief government officer now owns 2,273,012 shares within the firm, valued at $37,254,666.68. The disclosure for this buy might be discovered right here. Insiders have bought 70,000 shares of firm inventory valued at $1,114,500 within the final 90 days. 20.50% of the inventory is presently owned by insiders.
Hedge Funds Weigh In On Black Stone Minerals
Institutional traders and hedge funds have just lately purchased and bought shares of the corporate. Captrust Monetary Advisors grew its place in shares of Black Stone Minerals by 10.3% within the 2nd quarter. Captrust Monetary Advisors now owns 50,129 shares of the oil and fuel producer’s inventory valued at $686,000 after shopping for an extra 4,681 shares over the last quarter. Goldman Sachs Group Inc. grew its place in shares of Black Stone Minerals by 11.4% within the 2nd quarter. Goldman Sachs Group Inc. now owns 184,893 shares of the oil and fuel producer’s inventory valued at $2,531,000 after shopping for an extra 18,979 shares over the last quarter. Arrow Funding Advisors LLC purchased a brand new stake in shares of Black Stone Minerals within the 2nd quarter valued at about $247,000. Chilton Capital Administration LLC purchased a brand new stake in shares of Black Stone Minerals within the 2nd quarter valued at about $95,000. Lastly, Artistic Planning purchased a brand new stake in shares of Black Stone Minerals within the 2nd quarter valued at about $166,000. Institutional traders and hedge funds personal 15.06% of the corporate’s inventory.
Black Stone Minerals Firm Profile
(Get Ranking)
Black Stone Minerals, L.P., along with its subsidiaries, owns and manages oil and pure fuel mineral pursuits. It owns mineral pursuits in roughly 16.8 million gross acres, nonparticipating royalty pursuits in 1.8 million gross acres, and overriding royalty pursuits in 1.7 million gross acres positioned in 41 states in the USA.
Additional Studying
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