Black Stone Minerals L.P. (NYSE: BSM) is -49.45% lower on its value in year-to-date trading and has touched a low of $4.04 and a high of $18.77 in the current 52-week trading range. The BSM stock was last observed hovering at around $5.97 in the last trading session, with the day’s gains setting it 0.46% off its average median price target of $8.00 for the next 12 months. It is also 64.28% off the consensus price target high of $18.00 offered by 9 analysts, but current levels are -28.6% lower than the price target low of $5.00 for the same period.
Currently trading at $6.43, the stock is 16.02% and -0.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 864510.0 and changing 7.71% at the moment leaves the stock -43.91% off its SMA200. BSM registered -64.53% loss for a year compared to 6-month loss of -52.58%. The firm has a 50-day simple moving average (SMA 50) of $5.34 and a 200-day simple moving average (SMA200) of $10.08.
The stock witnessed a 53.46% gain in the last 1 month and extending the period to 3 months gives it a -39.45%, and is 12.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.79% over the week and 10.19% over the month.
Black Stone Minerals L.P. (BSM) has around 115 employees, a market worth around $1.40B and $487.80M in sales. Current P/E ratio is 7.08 and Fwd P/E is 11.22. Profit margin for the company is 39.60%. Distance from 52-week low is 59.16% and -65.74% from its 52-week high. The company has generated returns on investments over the last 12 months (19.70%).
Black Stone Minerals L.P. (BSM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Black Stone Minerals L.P. (BSM) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.30, where 5 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Black Stone Minerals L.P. is expected to release its quarterly report on 05/04/2020 and quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $104.25M over the same period.The EPS is expected to shrink by -25.60% this year, but quarterly earnings will post -19.50% year-over-year. Quarterly sales are estimated to grow 24.40% in year-over-year returns.
Black Stone Minerals L.P. (BSM) Top Institutional Holders
114 institutions hold shares in Black Stone Minerals L.P. (BSM), with 40.13M shares held by insiders accounting for 19.49% while institutional investors hold 27.92% of the company’s shares. The shares outstanding are 217.97M, and float is at 180.53M with Short Float at 1.83%. Institutions hold 22.48% of the Float.
The top institutional shareholder in the company is CI Investments Inc. with over 8.43 million shares valued at $107.2 million. The investor’s holdings represent 4.09% of the BSM Shares outstanding. As of Dec 30, 2019, the second largest holder is William Marsh Rice University with 7.27 million shares valued at $92.43 million to account for 3.53% of the shares outstanding. The other top investors are Mayo Clinic which holds 5.71 million shares representing 2.77% and valued at over $26.73 million, while Zions Bancorporation, N.A. holds 2.42% of the shares totaling 4.99 million with a market value of $63.51 million.
Black Stone Minerals L.P. (BSM) Insider Activity
A total of 42 insider transactions have happened at Black Stone Minerals L.P. (BSM) in the last six months, with sales accounting for 14 and purchases happening 28 times. The most recent transaction is an insider sale by Smajstrla Dawn, the company’s VP, Chief Accounting Officer. SEC filings show that Smajstrla Dawn sold 5,032 shares of the company’s common stock on Feb 28 at a price of $8.60 per share for a total of $43289.0. Following the sale, the insider now owns 52716.0 shares.
Black Stone Minerals L.P. disclosed in a document filed with the SEC on Jan 09 that Smajstrla Dawn (VP, Chief Accounting Officer) sold a total of 4,707 shares of the company’s common stock. The trade occurred on Jan 09 and was made at $13.25 per share for $62366.0. Following the transaction, the insider now directly holds 37966.0 shares of the BSM stock.
Still, SEC filings show that on Jan 08, Putman Luke Stevens (SVP, GC, and Secretary) disposed off 30,000 shares at an average price of $12.99 for $389697.0. The insider now directly holds 322,226 shares of Black Stone Minerals L.P. (BSM).
Black Stone Minerals L.P. (BSM): Who are the competitors?
The company’s main competitors (and peers) include Cabot Oil & Gas Corporation (COG) that is trading -19.78% down over the past 12 months. Short interest in the company’s stock has risen 48.97% from the last report on Mar 12, 2020 to stand at a total of 1.73 million short shares sold with a short interest ratio of 5.82.