Piper Sandler analyst Mark Lear maintained a Hold rating on Black Stone Minerals (BSM – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $15.96.
According to TipRanks, Lear is a 3-star analyst with an average return of 0.9% and a 42.21% success rate.
Currently, the analyst consensus on Black Stone Minerals is a Moderate Buy with an average price target of $18.50.
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Based on Black Stone Minerals’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $60.91 million and a net profit of $134.44 million. In comparison, last year the company earned a revenue of $156.44 million and had a GAAP net loss of $12.25 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock.
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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.
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- Black Stone Minerals price target raised to $21 from $19 at Raymond James
