Black Stone Minerals L.P. (NYSE:BSM) saw an upside of 0.39% to $17.97 after adding $0.07 on Wednesday. The 5-day average trading volume is 553,182 shares of the company’s common stock. It has gained $18.05 in the past week and touched a new high 4 times within the past 5 days. An average of 434,816 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 381,956.
BSM’s 1-month performance is 11.61% or $2.21 on its low of $15.68 reached on 07/10/23. The company’s shares have touched a 52-week low of $13.41 and high of $20.24, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, BSM has achieved 6.52% or $1.09 and has reached a new high 12 times. However, the current price is down -11.22% from the 52-week high price.
Insider Transactions
BSM stock investors last saw insider trading activity on May 05.Putman Luke Stevens (SVP, GC, and Secretary) most recently sold 100,000 shares at $15.06 per share on May 04. This transaction cost the insider $1,505,570. VP, Chief Accounting Officer, Smajstrla Dawn, sold 5,300 shares at a price of $19.41 on Nov 04.
Valuation Metrics
BSM stock has a beta of 1.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.09 while the price-to-book (PB) in the most recent quarter is 4.12, with the price to cash flow ratio at 25.26.
Black Stone Minerals L.P.’s quick ratio for the period ended June 29 was 10.30, with the current ratio over the same period at 10.30. In terms of profitability, the gross margin trailing 12 months is 90.50%. The trailing 12-month EBITDA margin is 83.11% while for the period ending June 29, Black Stone Minerals L.P.’s operating margin was 77.10%. The firm’s gross profit as reported stood at $482.5 million against revenue of $663.6 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 116.75% to $146.28 million, while revenue of $258.39 million was -76.64% off the previous quarter. Analysts expected BSM to announce $0.39 per share in earnings in its latest quarter, but it posted $0.35, representing a -10.30% surprise. EBITDA for the quarter stood at more than $89.44 million. BSM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 37.11 million, with total debt at $4.65 million. Shareholders hold equity totaling $209.98 million.
Let’s look briefly at Black Stone Minerals L.P. (BSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 76.00% to suggest the stock is trending Overbought, with historical volatility in this time period at 19.80%.
The stock’s 5-day moving average is $17.79, reflecting a +4.19% or $0.72 change from its current price. BSM is currently trading +10.87% above its 20-day SMA, +25.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.25% and SMA200 by+1.82%.
Stochastic %K and %D was 92.17% and 91.71% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 72.57%, while the 14-day stochastic is at 94.14% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at 0.28 and 0.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Black Stone Minerals L.P. (NYSE: BSM), KeyBanc Capital Markets downgraded it to a Sector weight rating. They previously had an Overweight rating on the stock.
