Black Stone Minerals (BSM) Lifted to Buy at Zacks Investment Research

Black Stone Minerals (NYSE:BSM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $20.00 price target on the oil and gas producer’s stock. Zacks Investment Research‘s price target points to a potential upside of 8.93% from the company’s current price.

According to Zacks, “Black Stone Minerals, L.P. is the owner of oil and natural gas mineral primarily in the United States. Black Stone Minerals, L.P. is based in Houston, United States. “

Several other equities research analysts have also recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price on shares of Black Stone Minerals in a research report on Friday, September 22nd. Barclays set a $18.00 target price on shares of Black Stone Minerals and gave the stock a “buy” rating in a research report on Thursday, December 14th. TheStreet cut shares of Black Stone Minerals from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Piper Jaffray Companies dropped their target price on shares of Black Stone Minerals from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.00.

Shares of Black Stone Minerals (NYSE BSM) traded up $0.19 on Tuesday, reaching $18.36. 109,464 shares of the company’s stock traded hands, compared to its average volume of 151,776. The stock has a market cap of $1,878.74, a PE ratio of 21.60 and a beta of 0.30. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.46. Black Stone Minerals has a fifty-two week low of $15.12 and a fifty-two week high of $19.55.

A number of large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its stake in Black Stone Minerals by 13.7% during the 3rd quarter. Sterling Capital Management LLC now owns 34,794 shares of the oil and gas producer’s stock valued at $603,000 after purchasing an additional 4,191 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Black Stone Minerals by 10.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 613,870 shares of the oil and gas producer’s stock valued at $10,645,000 after acquiring an additional 60,175 shares during the last quarter. CI Global Investments Inc. purchased a new stake in shares of Black Stone Minerals during the 3rd quarter valued at about $28,340,000. Alps Advisors Inc. purchased a new stake in shares of Black Stone Minerals during the 3rd quarter valued at about $478,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Black Stone Minerals during the 2nd quarter valued at about $234,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

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Black Stone Minerals Company Profile

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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