Shares of Black Stone Minerals, L.P. (NYSE:BSM) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.50.

BSM has been the topic of several recent research reports. Zacks Investment Research lowered shares of Black Stone Minerals, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC decreased their price target on shares of Black Stone Minerals, L.P. from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price target on shares of Black Stone Minerals, L.P. in a research report on Friday, July 14th. Scotiabank set a $20.00 price target on shares of Black Stone Minerals, L.P. and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Finally, TheStreet upgraded shares of Black Stone Minerals, L.P. from a “c” rating to a “b-” rating in a research report on Friday, August 25th.

Black Stone Minerals, L.P. (BSM) traded down $0.55 during trading on Thursday, reaching $17.80. 122,269 shares of the company’s stock traded hands, compared to its average volume of 99,643. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $3,510.00 and a price-to-earnings ratio of 22.05. Black Stone Minerals, L.P. has a 12-month low of $15.12 and a 12-month high of $19.86.

Black Stone Minerals, L.P. (NYSE:BSM) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The firm had revenue of $120.52 million for the quarter, compared to analyst estimates of $95.87 million. Black Stone Minerals, L.P. had a net margin of 22.71% and a return on equity of 12.67%. analysts predict that Black Stone Minerals, L.P. will post 0.75 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. CI Global Investments Inc. acquired a new position in Black Stone Minerals, L.P. in the 3rd quarter worth approximately $28,340,000. Alps Advisors Inc. acquired a new position in Black Stone Minerals, L.P. in the 3rd quarter worth approximately $478,000. Westwood Holdings Group Inc. acquired a new position in Black Stone Minerals, L.P. in the 2nd quarter worth approximately $234,000. Goldman Sachs Group Inc. boosted its stake in Black Stone Minerals, L.P. by 54.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,541,051 shares of the oil and gas producer’s stock worth $24,287,000 after purchasing an additional 545,689 shares during the period. Finally, Yost Capital Management L.L.C. boosted its stake in Black Stone Minerals, L.P. by 17.3% in the 2nd quarter. Yost Capital Management L.L.C. now owns 153,792 shares of the oil and gas producer’s stock worth $2,424,000 after purchasing an additional 22,669 shares during the period. 21.26% of the stock is owned by hedge funds and other institutional investors.

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About Black Stone Minerals, L.P.

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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