At the time of writing, Black Stone Minerals L.P [BSM] stock is trading at $14.56, down -0.48%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BSM shares have gain 2.90% over the last week, with a monthly amount drifted -6.19%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Black Stone Minerals L.P fluctuated between $13.78 and $16.92. 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 $14.56 at the most recent close of the market. An investor can expect a potential return of 28.23% based on the average BSM price forecast.
Analyzing the BSM fundamentals
According to Black Stone Minerals L.P [NYSE:BSM], the company’s sales were 457.20M for trailing twelve months, which represents an -24.90% plunge. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.66%, Pretax Profit Margin comes in at 0.94%, and Net Profit Margin reading is 0.94%. To continue investigating profitability, this company’s Return on Assets is posted at 0.31, Equity is 0.34 and Total Capital is 0.22.
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 14.50 points at the first support level, and at 14.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.66, and for the 2nd resistance point, it is at 14.76.
Ratios To Look Out For
It is important to note that Black Stone Minerals L.P [NYSE:BSM] has a current ratio of 5.60. Further, the Quick Ratio stands at 4.60, while the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 6.71, the price to book ratio is 3.53 and price to earnings (TTM) ratio is 8.89.
Transactions by insiders
Recent insider trading involved Carter Thomas L Jr, CEO, President, and Chairman, that happened on Sep 06 ’24 when 100000.0 shares were purchased. SVP, Chief Commercial Officer, Clark Carrie Pearson completed a deal on Aug 26 ’24 to sell 18532.0 shares. Meanwhile, Officer CARRIE P CLARK bought 18532.0 shares on Aug 26 ’24.
