In a report released today, Mark Lear from Piper Sandler assigned a Hold rating to Black Stone Minerals (BSM – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $16.55.
Lear covers the Utilities sector, focusing on stocks such as Devon Energy, EQT, and Pioneer Natural. According to TipRanks, Lear has an average return of 0.8% and a 43.01% success rate on recommended stocks.
Currently, the analyst consensus on Black Stone Minerals is a Moderate Buy with an average price target of $18.25, implying a 10.27% upside from current levels. In a report released on April 24, RBC Capital also maintained a Hold rating on the stock with a $16.00 price target.
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BSM market cap is currently $3.47B and has a P/E ratio of 8.16.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BSM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Black Stone Minerals LP is an exploration company. The firm engages in the exploration of oil and natural gas minerals. It focuses in the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming. The company was founded in 1876 and is headquartered in Houston, TX.
Read More on BSM:
- BSM Upcoming Earnings Report: What to Expect?
- Largest borrow rate increases among liquid names
- Black Stone Minerals price target raised to $21 from $19 at Raymond James
- Black Stone Minerals price target lowered to $16 from $17 at Piper Sandler
- Black Stone Minerals price target lowered to $17 from $18 at Piper Sandler
