A share price of Black Stone Minerals L.P. [BSM] is currently trading at $14.62, up 2.96%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BSM shares have lost -3.11% over the last week, with a monthly amount drifted -6.22%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Black Stone Minerals L.P. [NYSE: BSM] stock has seen the most recent analyst activity on October 24, 2023, when Raymond James downgraded its rating to a Mkt Perform. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on March 07, 2023. On February 06, 2023, downgrade downgraded it’s rating to Outperform. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $22 on September 20, 2022. Wells Fargo upgraded its rating to Overweight for this stock on September 03, 2021, and upped its price target to $13. In a note dated October 21, 2020, Raymond James upgraded an Strong Buy rating on this stock.
Black Stone Minerals L.P. experienced fluctuations in its stock price throughout the past year between $13.94 and $18.55. Currently, Wall Street analysts expect the stock to reach $18.67 within the next 12 months. Black Stone Minerals L.P. [NYSE: BSM] shares were valued at $14.62 at the most recent close of the market. An investor can expect a potential return of 27.7% based on the average BSM price forecast.
Analyzing the BSM fundamentals
Trailing Twelve Months sales for Black Stone Minerals L.P. [NYSE:BSM] were 523.10M which represents -39.60% decline. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.84%, and Net Profit Margin reading is 0.84%. To continue investigating profitability, this company’s Return on Assets is posted at 0.28, Equity is 0.33 and Total Capital is 0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.33 points at the first support level, and at 14.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.83, and for the 2nd resistance point, it is at 15.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Black Stone Minerals L.P. [NYSE:BSM] is 5.30. In addition, the Quick Ratio stands at 5.30 and the Cash Ratio stands at 1.48. Considering the valuation of this stock, the price to sales ratio is 5.89, the price to book ratio is 3.51 and price to earnings (TTM) ratio is 9.65.
Transactions by insiders
Recent insider trading involved DeWalch D Mark, Director, that happened on Feb 26 ’24 when 3250.0 shares were purchased. CEO, President, and Chairman, Carter Thomas L Jr completed a deal on Dec 08 ’23 to buy 2075.0 shares. Meanwhile, CEO, President, and Chairman Carter Thomas L Jr bought 29000.0 shares on Dec 07 ’23.
