As of Friday close, Black Stone Minerals L.P.’s (NYSE:BSM) stock was up $0.02, moving up 0.12 percent to $17.15. The average number of shares traded per day over the past five days has been 411,920 shares. 4 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 583,935, while in the previous 50 days, it was 431,100.
Since last month, BSM stock rose 2.63%. Shares of the company fell to $16.52 on 07/19/23, the lowest level in the past month. A 52-week high of $20.24 was reached on 08/09/23 after having rallying from a 52-week low of $13.41. Since the beginning of this year, BSM’s stock price has risen by 1.66% or $0.28, and marked a new high 12 times. However, the stock has declined by -15.27% since its 52-week high.
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BSM stock investors should be aware that Black Stone Minerals L.P. (BSM) stock had its last reported insider trading activity 106 days ago on May 05. Carter Thomas L Jr, the CEO and Chairman of the company, purchased of 31,800 shares for $15.53 on May 05. It resulted in a $494,007 investment by the insider. Putman Luke Stevens sold 100,000 shares at an average price of $15.06 on May 04. The insider now owns 486,421 shares following the transaction. On Mar 06, Director DeWalch D Mark bought 31,150 shares at $15.85 apiece. The transaction was valued at $493,699.
Valuation Metrics
Right now, Black Stone Minerals L.P. (BSM) has a P/E ratio of about 7.02. The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 4.89, the price-to-book (PB) ratio of 3.93, and the price-to-cash flow ratio of 6.81 may also be considered.
The latest dividend of $0.4750 per share was paid out, remained unchanged from last year’s $0.4750. On Wednesday February 1 2023, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended June 29, Black Stone Minerals L.P.’s quick ratio stood at 10.30, while its current ratio was 10.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 90.50% percent. In the year ended June 29, EBITDA margin amounted to 83.11%, whereas operating margins totaled 77.10%. Based on annual data, BSM earned $482.5 million in gross profit and brought in $663.6 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 52.40%. Return on equity (ROE) for the past 12 months was 60.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BSM’s revenue rose 68.87% to $174.58 million during the quarter, while net income inched up to $117.0 million. While analysts expected Black Stone Minerals L.P. to report $0.39 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by -10.30%. During the quarter, the company generated $89.44 million in EBITDA. The liabilities of Black Stone Minerals L.P. were 37.11 million at the end of its most recent quarter ended June 29, and its total debt was $4.65 million. The value of shareholders’ equity is $209.98 million.
Technical Picture
This quick technical analysis looks at Black Stone Minerals L.P.’s (BSM) price momentum. With a historical volatility rate of 39.25%, the RSI 9-day stood at 50.39% on 18 August.
With respect to its five-day moving average, the current Black Stone Minerals L.P. price is up by +1.90% percent or $0.32. At present, BSM shares trade +3.13% above its 20-day simple moving average and +12.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.02% above its SMA50 and -6.64% below its SMA200.
Stochastic coefficient K was 26.75% and Stochastic coefficient D was 22.51%, while ATR was 0.40. Given the Stochastic reading of 31.21% for the 14-day period, the RSI (14) reading has been calculated as 52.82%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.25.
Analyst Ratings
Black Stone Minerals L.P. downgraded its rating on Black Stone Minerals L.P. (NYSE: BSM) to a Sector weight in a note to investors on March 07, 2023. The analysts firm previously had an Overweight rating on the stock.
