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 $17.74.
Lear covers the Energy sector, focusing on stocks such as Diamondback, Coterra Energy, and Devon Energy. According to TipRanks, Lear has an average return of 1.5% and a 47.77% success rate on recommended stocks.
Black Stone Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $17.33, a -2.31% downside from current levels. In a report released on July 27, RBC Capital also maintained a Hold rating on the stock with a $15.00 price target.
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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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