Black Stone Minerals LP (NYSE:BSM) SVP Luke Stevens Putman sold 23,170 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $18.28, for a total value of $423,547.60. Following the sale, the senior vice president now directly owns 257,141 shares in the company, valued at approximately $4,700,537.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Black Stone Minerals LP (NYSE:BSM) traded up $0.15 during trading on Wednesday, reaching $18.68. 66,950 shares of the company’s stock were exchanged, compared to its average volume of 177,855. The firm has a market cap of $3,710.00 and a price-to-earnings ratio of 28.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 1.98. Black Stone Minerals LP has a 52-week low of $15.12 and a 52-week high of $19.05.
Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, November 6th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Black Stone Minerals had a net margin of 21.57% and a return on equity of 11.44%. analysts forecast that Black Stone Minerals LP will post 0.77 earnings per share for the current year.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, October 16th. Stifel Nicolaus restated a “buy” rating and set a $18.00 price target on shares of Black Stone Minerals in a report on Friday, September 22nd. Barclays set a $18.00 price target on shares of Black Stone Minerals and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, TheStreet cut shares of Black Stone Minerals from a “b-” rating to a “c” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.40.
About Black Stone Minerals
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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