Stifel Nicolaus reissued their buy rating on shares of Black Stone Minerals, L.P. (NYSE:BSM) in a research note published on Friday. The brokerage currently has a $18.00 price objective on the oil and gas producer’s stock.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Black Stone Minerals, L.P. from a sell rating to a hold rating in a research note on Tuesday, July 25th. Piper Jaffray Companies decreased their target price on shares of Black Stone Minerals, L.P. from $20.00 to $19.00 and set an overweight rating for the company in a research note on Monday, September 18th. TheStreet upgraded shares of Black Stone Minerals, L.P. from a d+ rating to a c rating in a research note on Thursday, June 8th. Scotiabank set a $20.00 target price on shares of Black Stone Minerals, L.P. and gave the company a hold rating in a research note on Saturday, July 22nd. Finally, Barclays PLC decreased their target price on shares of Black Stone Minerals, L.P. from $19.00 to $17.00 and set an overweight rating for the company in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Black Stone Minerals, L.P. presently has a consensus rating of Hold and an average target price of $19.00.

Black Stone Minerals, L.P. (BSM) opened at 17.38 on Friday. Black Stone Minerals, L.P. has a one year low of $16.61 and a one year high of $19.86. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 23.61 and a beta of 0.28. The firm’s 50-day moving average price is $17.13 and its 200 day moving average price is $17.13.

Black Stone Minerals, L.P. (NYSE:BSM) last announced its earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.14. The business had revenue of $120.52 million during the quarter, compared to analyst estimates of $95.87 million. Black Stone Minerals, L.P. had a net margin of 22.71% and a return on equity of 12.67%. On average, equities research analysts expect that Black Stone Minerals, L.P. will post $0.76 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Global X Management Co. LLC grew its position in shares of Black Stone Minerals, L.P. by 3.4% during the 1st quarter. Global X Management Co. LLC now owns 27,179 shares of the oil and gas producer’s stock valued at $449,000 after acquiring an additional 890 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Black Stone Minerals, L.P. by 8.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,900 shares of the oil and gas producer’s stock valued at $196,000 after acquiring an additional 902 shares during the period. Alliancebernstein L.P. grew its position in shares of Black Stone Minerals, L.P. by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 18,468 shares of the oil and gas producer’s stock valued at $291,000 after acquiring an additional 1,034 shares during the period. Kempner Capital Management Inc. grew its position in shares of Black Stone Minerals, L.P. by 7.4% during the 2nd quarter. Kempner Capital Management Inc. now owns 73,009 shares of the oil and gas producer’s stock valued at $1,151,000 after acquiring an additional 5,000 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Black Stone Minerals, L.P. by 17.0% during the 1st quarter. Bank of America Corp DE now owns 52,859 shares of the oil and gas producer’s stock valued at $873,000 after acquiring an additional 7,696 shares during the period. 21.36% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals, L.P. Company Profile

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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