BSM (NYSE:BSM) Target Raised by Piper Sandler to $12.25

BSM stock has undergone multiple analysts rating changes in the recent past.  Black Stone Minerals stock Target Raised by Piper Sandler on 10/13/2021. In a note to investors, the firm issued a new target price of $12.25. The analysts previously had $10.50 target price. Piper Sandler’s price target would indicate a potential upside of 0.00% from the stock’s previous close.

Shares of Black Stone Minerals traded down -$0.19 on Tuesday, reaching $12.05. 19849 shares of the stock traded hands, compared to its average volume of 450050. On Tuesday, Shares of Black Stone Minerals closed at $12.05. The firm’s 50 day moving average is $10.95 and its 200 day moving average is $9.93.Black Stone Minerals  has a 12 month low of $5.77 and a 12 month high of $12.75. While on yearly highs and lows, Black Stone Minerals today has traded high as $12.14 and has touched $12.02 on the downward trend.

Black Stone Minerals Earnings and What to expect: 

Black Stone Minerals last announced its earnings data on August 1st, 2021. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.09. The company had revenue of $58.44 million for the quarter, compared to analyst estimates of $81.84 million. Black Stone Minerals has generated $0.47 earnings per share over the last year ($0.31 diluted earnings per share) and currently has a price-to-earnings ratio of 38.9. Earnings for Black Stone Minerals are expected to grow by 30.14% in the coming year, from $0.73 to $0.95 per share. Black Stone Minerals has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 1st, 2021 based off prior year’s report dates.

Earnings for Black Stone Minerals are expected to grow by 30.14% in the coming year, from $0.73 to $0.95 per share. The P/E ratio of Black Stone Minerals is 39.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Black Stone Minerals is 39.52, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.25. Black Stone Minerals has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Black Stone Minerals (NYSE:BSM) Moving Average Technical Analysis

5 day Moving Average is $$12.34 And 5 day price change is -$0.32 (-2.63%)  with average volume for 5 day average is 244,438. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.75 and 20 day price change is $0.86 (7.67%) and average 20 day moving volume is 411,929. 50 day moving average is $10.95  and 50 day price change is $1.35 ( 12.61%)  and with average volume for 50 days is : 379,934. 200 day moving average is $9.93  and 200 day price change is $5.27 (78.01%)  and with average volume for 200 days is : 439,132.

Other owners latest trading in BSM :

  • On 8/25/2021 shares held by Marshall Wace LLP were 236,933 which equates to market value of $2.55M and appx 0.00% owners of BSM
  • On 8/23/2021 shares held by Morgan Stanley were 3,157,380 which equates to market value of $33.94M and appx 0.00% owners of BSM
  • On 8/17/2021 shares held by Wells Fargo & Company MN were 288,217 which equates to market value of $3.10M and appx 0.00% owners of BSM
  • In total Institutional ownership equates to Institutional Ownership Percentage: 17.48% for BSM

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