News stories about Black Stone Minerals (NYSE:BSM) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Stone Minerals earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 46.311662760196 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Black Stone Minerals (BSM) traded up $0.04 on Thursday, reaching $16.56. The company had a trading volume of 91,338 shares, compared to its average volume of 152,588. Black Stone Minerals has a 52-week low of $15.12 and a 52-week high of $19.03. The company has a market capitalization of $3,310.13, a PE ratio of 16.69 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 1.47.
Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, February 26th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $95.44 million during the quarter, compared to the consensus estimate of $106.55 million. Black Stone Minerals had a net margin of 22.90% and a return on equity of 12.93%. sell-side analysts predict that Black Stone Minerals will post 0.81 EPS for the current year.
BSM has been the subject of several recent research reports. Zacks Investment Research raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, March 12th. Stifel Nicolaus began coverage on Black Stone Minerals in a research note on Wednesday, January 17th. They set a “hold” rating and a $19.00 price objective on the stock. Finally, Barclays set a $18.00 price objective on Black Stone Minerals and gave the stock a “buy” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.17.
In related news, Director Alexander D. Stuart bought 15,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were bought at an average cost of $17.43 per share, for a total transaction of $261,450.00. Following the completion of the purchase, the director now owns 335,234 shares of the company’s stock, valued at approximately $5,843,128.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brock Morris sold 25,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $17.31, for a total value of $432,750.00. Following the completion of the sale, the senior vice president now owns 321,825 shares in the company, valued at $5,570,790.75. The disclosure for this sale can be found here. Insiders sold 65,644 shares of company stock worth $1,168,941 over the last quarter. 25.00% of the stock is currently owned by company insiders.
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Black Stone Minerals 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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