The stock of Black Stone Minerals L.P. (NYSE:BSM) decreased by -$0.04 on Friday to finish at $16.83, down -0.24 percent. The last five days have seen an average of 957,400 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.04. The average number of shares traded over the last 20 days was 551,375, while the average volume over the last 50 days totaled 423,066.
BSM stock appreciated 2.94% since last month. On 07/14/23, the company’s shares reached a one-month low of $15.92. The stock touched a high of $20.24 on 08/09/23, after rallying from a low of $13.41 in 52 weeks. The price of BSM stock has declined by -0.24% or -$0.04 this year, reaching a new high 12 times. Still, the stock price is down -16.85% from the 52-week high.
Insider Transactions
BSM stock investors should be aware that Black Stone Minerals L.P. (BSM) stock had its last reported insider trading activity 101 days ago on May 05. On May 05, CEO and Chairman Carter Thomas L Jr acquired 31,800 shares at $15.53 each. This transaction resulted in the insider spending $494,007. On May 04, Putman Luke Stevens sold 100,000 shares at a price of US$15.06. After the transaction, the insider now owns 486,421 shares. Director DeWalch D Mark had earlier bought 31,150 shares on Mar 06 for $15.85 a share. The transaction was completed for $493,699.
Valuation Metrics
Black Stone Minerals L.P. (BSM) has a trailing price-to-earnings (P/E) ratio of 6.89. Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.80, the price-to-book (PB) ratio of 3.86, and the price-to-cash flow ratio of 6.68.
Company paid $0.4750 per share in dividends, remained unchanged from $0.4750 last year. A $0.0250 dividend increase was reported on Wednesday February 1 2023.
Financial Health
For the three months ended June 29, Black Stone Minerals L.P.’s quick ratio was 10.30, while its current ratio was 10.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 90.50% percent. Black Stone Minerals L.P.’s operating margin stood at 77.10% for the same period. Based on annual data, it had gross profit of $482.5 million and revenue of $663.6 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BSM’s return on assets (ROA) during the last 12 months has been 42.90%. There was a 52.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 60.60%.
Earnings Surprise
According to Black Stone Minerals L.P.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $117.0 million, while revenues rose by 68.87% to $174.58 million. It was predicted that Black Stone Minerals L.P.’s quarterly earnings would be $0.35, but it ended up being $0.39, beating the consensus by -10.30%. EBITDA was $89.44 million for the quarter. At the end of Black Stone Minerals L.P.’s most recent quarter ended June 29, its liabilities totaled 37.11 million, while its total debt was $4.65 million. Equity owned by shareholders amounts to $209.98 million.
Technical Picture
Here’s a quick look at Black Stone Minerals L.P.’s (BSM) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 41.25%, suggesting the stock is Neutral, with a 41.37% historical volatility rate.
The stochastic %K and %D were 38.99% and 66.31% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 7.28%, the RSI (14) reading is 47.41%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -0.14.
Analyst Ratings
Black Stone Minerals L.P. (NYSE: BSM) was downgraded by KeyBanc Capital Markets to a a Sector weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Black Stone Minerals L.P. (BSM) an Overweight rating. BSM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is BSM’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $23.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Black Stone Minerals L.P. (BSM) is $18.60.
